Newfoundland and Labrador generic drug pricing policy

Effective October 1, 2012, Newfoundland and Labrador have implemented the second phase of the provincial generic drug pricing policy to further reduce the price of generic drugs to 40% of the cost of brand name drugs, except for those approved for exemption.

The provincial government introduced an agreement with the Pharmacists’ Association of Newfoundland and Labrador (PANL) in March 2012 that would see a reduction of generic drug prices in a phased in approach, which will eventually land the price of generic drugs at 35% of the cost of brand by April 1, 2013.