Pharmaceutical_industry_in_Canada
Pharmaceutical industry in Canada
Overview of the pharmaceutical industry in Canada
The pharmaceutical industry in Canada employs approximately 30,000 people. It supplies about one third of the domestic pharmaceutical consumer market of $27 billion annually.[1] This accounts for ~16% of yearly health expenditures. Canada had a pharmaceutical trade deficit of $8.5 billion in 2018 with exports of $11 billion and imports of $19.5 billion. The majority of large pharmaceutical companies are headquartered in Montreal, Quebec.[1] Both Toronto and Montreal have healthy pharmaceutical industries.
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