Quebec Seeks Competitive Bids on Drugs After Talks Collapse

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(Bloomberg) — Quebec will seek lower generic drug prices through a bidding process starting July 1 after negotiations over a compromise plan with pharmaceutical companies fell through, according to the government.

After months of discussions that brought parties close to a “balanced” agreement, the companies withdrew their offer, Health Minister Gaetan Barrette said in a phone interview Wednesday. He declined to give the names of the targeted drugs and said bidding will focus on manufacturing, leaving distribution out at this stage.

Copyright 2017 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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