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The pharmaceutical industry in Canada employs approximately 30,000 people. It supplies about one third of the domestic pharmaceutical consumer market of $27 billion annually. [1] This accounts for ~16% of yearly health expenditures. Canada had a pharmaceutical trade deficit of $8.5 billion in 2018 with exports of $11 billion and imports of $19. ...
Rexall was founded in 1904 during the early days of the United Drug Company and quickly established itself as a major retail pharmacy chain. At the same time, Tamblyn Drugs was establishing itself in Toronto, Ontario, and would eventually become Pharma Plus.
As such, historically each province has managed their own pharmaceutical system, from formularies to public prescription drug programs, in different ways. [3] This meant that health technology assessments were performed independently by a patchwork of organizations, with some provinces, like Quebec and British Columbia having their own in-house ...
Apotex Inc. is a Canadian pharmaceutical corporation. [4] Founded in 1974 by Barry Sherman, the company is the largest producer of generic drugs in Canada, with annual sales exceeding CA$2.5 billion. [5] By 2023, Apotex employed close to 8,000 people as Canada's largest drug manufacturer, with over 300 products selling in over 115 countries.
Health Canada (HC; French: Santé Canada, SC) [NB 1] is the department of the Government of Canada responsible for national health policy.The department itself is also responsible for numerous federal health-related agencies, including the Canadian Food Inspection Agency (CFIA) and the Public Health Agency of Canada (PHAC), among others.
Programs vary by province. In Ontario, for example, most prescriptions for youths under the age of 24 are covered by the Ontario health insurance plan if no private insurance plan is available. [43] Competitive practices such as advertising are kept to a minimum, thus maximizing the percentage of revenues that go directly towards care.
Ontario's net debt-to-GDP ratio will rise to 40.7% in the year 2019–2020. [4] Ontario is the most populous province of Canada, with a population of approximately 14.19 million permanent residents in 2017. [5] It is Canada's leading manufacturing province, accounting for 46% of the manufacturing GDP in 2017. [6]
TIPT is the first pharmaceutical Institute registered in Canada by the Ministry of Training, Colleges & Universities of Ontario. Since its inception in 1992, Toronto Institute of Pharmaceutical Technology has provided education to science graduates and industry employees pharmaceutical multinationals such as GlaxoSmithKline, Patheon, Teva and Biovail.
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