Pharmaceutical Strategy – Phase 2

Phase 2, announced October 20, 2009, focuses on generic drug prices and expanding the roles of pharmacists.

Phase 2 of the strategy includes:

  1. Reducing the price of generic drugs –
    • Prices for new generic drugs will be reduced from 75% of a brand name drug price to 45%.
  2. Providing faster access to new, innovative drugs and reduce costs –
    • Alberta will negotiate contracts, known as product listing agreements, with brand name drug manufacturers.
  3. Expanding the role of pharmacists to better meet the needs of patients –
    • Government will work closely with Alberta pharmacists and pharmacies to have pharmacists spend more time using their knowledge and skill to counsel and advise patients.
  4. A comprehensive transition plan, which includes $5 million for rural and remote pharmacies and a transitional allowance for all pharmacies for 3 years –
    • Developed to help support pharmacies as they shift their focus from dispensing prescription drugs to providing more professional services.

Read the fact sheets below for more details.

Fact sheets – Phase 2, updated January 28, 2010

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