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By The Canadian Press
MONTREAL — The Quebec government says it will save more than $300 million yearly on generic medications after reaching a deal with the association representing Canada’s generic pharmaceutical companies.
Health Minister Gaetan Barrette believes the five-year agreement in principle will save the province $1.5 billion, which will be redistributed into the health-care system.
The Canadian Generic Pharmaceutical Association says the deal includes further price discounts and the launch of new cost-saving generic prescription medicine.