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

Fourth Corner Credit Union’s Bid for Permission to go Into Business Rejected
Nebraska Gov. Ricketts and Lt. Gov. Foley to Traveling to Japan in Trade Mission
Fennica , the Icebreaker Leaves for Arctic Waters as Portland Police Remove Prot
PPIC’s Poll Reveals Californians Divided in Opinion on Climate Change Impacting
Chairman Says the Boeing Company May have to Move Some Operations Overseas if Ex
Facebook Second Quarter Earnings Surpass Analysts’ Expectations but Growing Expe
Overcharging Scandal Takes a Toll on Whole Foods Earnings
Yelp Trims Third Quarter Earnings Forecast Also Announces Departure of Its Chair
Solvay, the Belgian Chemical Group to Acquire U.S. Cytec for $5.5 billion
Reports Say Amazon Suggests Dividing Airspace into Zones for Delivery Drones
Federal Reserve Expected to Stay Focused on Rate Hike Plan in September
Oil Prices Drop Near Four-Month Low as Supply Glut and Chinese Economy Increases