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Agreement in principle between the Government of Quebec and The Canadian Generic Pharmaceutical Association

News Release

On July 16, 2017, Quebec provincial health minister Gaétan Barette announced that the government of Quebec and the Canadian Generic Pharmaceutical Association had reached an agreement in principle, which would reduce the cost of generic drugs substantially.

iA Financial Group (Industrial Alliance Insurance and Financial Services Inc.) is pleased with this announcement. We are confident that reduced generic drug costs can encourage group insurance plan administrators and members. We are therefore committed to working with the various stakeholders involved in this file so that our clients can benefit from this initiative. The details of the agreement in principle are confidential for the time being; however, we will examine the situation more closely once we know more about the terms of the agreement. 

If you have any questions in this regard, please feel free to contact your iA Financial Group advisor or business development director.