Patented Medicine Prices Review Board
Encyclopedia
The Patented Medicine Prices Review Board is a government agency in Canada
which regulates drugs that are still under patent
and which yet have no generic substitutes.
This Board establishes the maximum prices that can be charged in Canada for patented drugs.
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
which regulates drugs that are still under patent
Patent
A patent is a form of intellectual property. It consists of a set of exclusive rights granted by a sovereign state to an inventor or their assignee for a limited period of time in exchange for the public disclosure of an invention....
and which yet have no generic substitutes.
This Board establishes the maximum prices that can be charged in Canada for patented drugs.