Posted AT 10:35 PM EDT on 09/04/07
Will generic drug policy hit Shoppers?
There is mounting concern that
Shoppers Drug Mart Corp. will be hurt by generic drug pricing changes in Ontario, home to more than half of the retailer's stores.
Analyst Keith Howlett at Desjardins Securities said Monday he can't see how the legislative reforms, which reduce the price the province will pay for generic drugs, “cannot have an impact on the largest retail pharmacy chain in the province.”
The drug policy could slice as much as $38.
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