A spat has erupted in Canada over the amount of money that drug makers spend each year on R&D in the country and it comes as the government takes a closer look at coping with high prices.
Earlier this week, a government agency called the Patented Medicine Prices Review Board released a report showing that industry R&D investment was 4.4 percent of Canadian sales in 2016. This is a problem for the pharmaceutical industry, which committed 30 years ago to maintain annual R&D spending in Canada at 10 percent or more each year.
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Should be 4.4% of Canadian sales.
Hi Mark,
Yes, thanks. That’s been clarified in the post now.
Appreciate you writing in.
Ed at Pharmalot