Report: Canadian veterinary drug prices expected to spike

Service fees could jump up to 500 percent next year.
Veterinary Practice News
May 25, 2018
By Veterinary Practice News
An increase in veterinary drug service fees proposed by Health Canada could lead to higher prices for some animal medications and the elimination of others, according to a report from research organization Agri-Food Economic Systems.

The report, which was commissioned by the Canadian Animal Health Institute (CAHI), states the suggested increases would range between 169 to 500 percent by April 2019 and would affect more than half of the veterinary drugs for livestock and companion animals, leading to potential medication shortages in Canada, as well as a decreased competitive edge for the country’s food animal industries. | For the full story, CLICK HERE.

RELATED: Consequences expected from service fee increases for animal health products

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