Government of New Brunswick

Fair Drug Prices for New Brunswickers

Fair Drug Prices for New Brunswickers

A generic drug pricing policy that will reduce drug costs for all New Brunswickers was announced March 22, 2012 by the provincial government.

The policy is part of an overall effort to address rising drug costs, which pose a significant challenge to the New Brunswick health-care system. It will set maximum allowable prices for generic drugs.

The price for generic drugs will be 40% of the brand name price on June 1, 2012 and 35% of brand name price on December 1, 2012.

The provincial government recognizes that reducing generic drug prices will impact pharmacy revenues. In light of this, the provincial government will:

  • invest about $4.5 million in 2012-13 to increase dispensing fees and pay a mark-up on generic drugs
  • invest $233,000 to implement NB PharmaCheck™, as an insured service under the New Brunswick Prescription Drug Program
  • invest $295,000 in a rural pharmacy incentive initiative, and
  • invest $1.2 million to help pharmacies offset the costs associated with connecting to the provincial Drug Information System / Prescription Monitoring Program
News Release

Transition period for pharmacies to be implemented
Generic drug pricing policy announced
Consultation process on generic drugs launched


About Drug Pricing
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Growing Costs

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Fair Drug Prices for
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New Brunswick Prescription Drug Program
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