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Prices of generic prescription drugs fall by 25-40 per cent

from CBC News

As of April 1, the prices of nearly 70 commonly prescribed generic drugs have gone down — in some cases, by 25 to 40 per cent compared to their brand-name equivalents. Canada's generic drug industry first made the announcement of the price drop back in January, in exchange for suspending open tenders for five years. Mark Labonte, a pharmacist at West End Medicine Centre in New Westminster, B.C., said the discounts will apply to drugs affecting a variety of ailments. more

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