6 Drug Companies to make Generic Version of OxyContin

.

6 Drug Companies to make Generic Version of OxyContin

Health Canada has announced that they have permitted six drug makers to make generic version of oxycodone, which comes under the brand name of OxyContin. It was not an easy decision for Health Canada to take the decision.

While explaining the reason for the same, authorities concerned said that a lot of pressure was as the drug has been highly abused. Health Minister Leona Aglukkaq was also under great pressure and he had to take the decision to quit the drug from the market.

In such a scenario, it got difficult for them to announce that six companies will be coming with the drug. Health Canada said that the drug is absolutely safe if it is taken as per prescriptions. The six companies, which have received permission, are Apotex Inc., Teva Canada Ltd., Laboratoire Riva Inc., Sandoz Inc., Cobalt Pharmaceuticals and PhamaScience Inc.

It was on Sunday that Purdue's patent to market the drug expired and then the decision was taken by Health Canada. There are people, who think that the decision is wrong as it is risky for people to have OxyContin.

"The federal government had an opportunity to stop the production of a generic drug that has been proven to be dangerous and destructive", said Chief Collins from Fort William First Nation.

 


Latest News

Apple Watch 2 expected to come with some noteworthy new features
Facebook’s ‘Trending’ section is getting a makeover
Google adds two popular games -- Solitaire and Tic-tac-toe -- to Search
HP Inc. posts better than expected financial results for its fiscal Q3
Tesla announces new Model S and X versions with upgraded battery, super fast acc
Google announces the launch of Android 7.0 ‘Nougat’
Lyft seeking $9B buyout, Uber not willing to pay more than $2B
Recode: Lyft had recently sought $9B in buyout offer
Uber signs $300M deal with Volvo; acquires startup Otto
Instagram introduces new ‘Event Channel’ feature
Ford plans to build a fleet of fully autonomous vehicle by 2021
WSJ: Google is exploring the use of wireless technology for Fiber service