Submitting Price Changes
Manufacturers may submit price changes to PharmaCare. If accepted, a price change will affect the amount that pharmacies are reimbursed for PharmaCare-eligible benefits.
Note: This information does not apply to price changes for generic drugs in the Low Cost Alternative (LCA) Program. See below for price changes for generic drugs.
Manufacturers can submit price increases using PharmaCare’s Price Change Spreadsheet (XLS). Submissions by mail or fax will not be considered.
- Increases can be submitted only once per year.
- The annual deadline for submissions is January 31.
- Price changes come into effect on April 1 of the same year.
- Requests for price increases received on or after February 1 will take effect April 1 the following year.
- You will be sent an email confirming that PharmaCare has received your request for price increases.
- The prices of new products that PharmaCare has added as benefits will be effective on the same date that the drug listing decision is publicly announced.
Email submissions to email@example.com.
Similar to price increases, manufacturers can submit price decreases to firstname.lastname@example.org using PharmaCare’s Excel spreadsheet template (XLSX). Price decreases can be sent throughout the year.
Price decreases will be effective in PharmaNet 30 days after the manufacturer’s price decrease. This gives pharmacies time to clear stock purchased at higher prices.
- The annual deadline for submissions is November 30.
- The price changes will come into effect on April 1 of the following year.
Acceptance of a price increase request is at the sole discretion of the province.
Price decreases will be effective 30 days after the change has been accepted and announced through the monthly generic formulary update. This gives pharmacies time to clear stock purchased at higher prices.
Notification of Price Changes for Generics
Price decreases will be announced through the monthly generic formulary update.
All accepted price increase requests received before the deadline will be reflected on the LCA Master Spreadsheet and published the following year on the LCA/RDP Data Files page.
A supplier will be notified if their price increase request is denied.