Our Impact
Making Patient Care Affordable in Pharmacies, Hospitals and Clinics
Across the country in our pharmacies, hospitals and clinics generic medicines are dispensed to fill more than 70% of all prescriptions in Canada and cost less than 20% of the money we spend annually on prescription medicines.
Some of the most prescribed generic medicines are priced at a 90% discount off the price of the brand-name drug. That means we can treat up to 10 patients for the cost of treating one patient with the brand-name version. Every day in Canada, an average of 1.5 million prescriptions are dispensed using generic medicines.
Impact
Contribution to our Provincial Healthcare Systems
British Columbia
70.9%
Total prescriptions
22.5%
Total cost
Alberta
71.0%
Total prescriptions
20.3%
Total cost
Saskatchewan
76.1%
Total prescriptions
19.9%
Total cost
Manitoba
76.7%
Total prescriptions
24.1%
Total cost
Ontario
69.3%
Total prescriptions
18.3%
Total cost
Québec
76.7%
Total prescriptions
19.5%
Total cost
New Brunswick
74.6%
Total prescriptions
20.4%
Total cost
Nova Scotia
73.9%
Total prescriptions
20.9%
Total cost
Prince Edward Island
72.4%
Total prescriptions
23.9%
Total cost
Newfoundland / Labrador
72.4%
Total prescriptions
23.9%
Total cost
Savings from 1% Increase in Use of Generics*
Province | Private sector | Public sector | Total |
|---|---|---|---|
British Columbia | $ 31.6 M | $ 21.4 M | $ 53.0 M |
Alberta | $ 35.3 M | $ 29.2 M | $ 64.5 M |
Saskatchewan | $ 10.4 M | $ 9.9 M | $ 20.3 M |
Manitoba | $ 10.6 M | $ 9.5 M | $ 20.1 M |
Ontario | $ 152.1 M | $ 114.3 M | $ 266.4 M |
Quebec | $ 124.5 M | $ 101.8 M | $ 226.3 M |
New Brunswick | $ 14.0 M | $ 6.5 M | $ 20.5 M |
Nova Scotia | $ 12.7 M | $ 7.4 M | $ 20.1 M |
Prince Edward Island | $ 1.6 M | $ 8.0 M | $ 2.4 M |
Newfoundland Labrador | $ 6.7 M | $ 3.4 M | $ 10.1 M |
Canada | $ 399.5 M | $304.2 M | $ 703.7 M |
* millions of dollars |
Source : IQVIA, 12 months ending December 2020