Xiidra is a medication prescribed for dry eye disease and other conditions. As one of the most expensive medications on the market, Canadians are often left wondering if they can afford to get the treatment they need. So why is Xiidra so expensive in Canada? Let’s take a look at some of the factors that make this medication so pricey.
Xiidra is Expensive because there is no Generic brand yet
Unfortunately, at this time there is no generic version of Xiidra available in Canada due to patent restrictions. A patent protects new inventions from being copied or reproduced without permission from the original creator; however, patents eventually expire and can open up opportunities for companies to produce generic versions of a certain drug.
High Demand for Xiidra
One reason why xiidra is expensive is because there is a high demand for it. As more and more people are learning about the benefits of this medication, they are turning to it to treat their dry eyes and other related conditions. This increased demand has led to a rise in pricing as there are now more people vying to buy the same supply of xiidra.
Cost of Production
Another factor behind the cost of xiidra is that it costs money to produce. There are various steps involved in producing this medication, such as researching and developing it, manufacturing it in large batches, packaging it up, shipping it out and more. All of these steps incur costs which get passed on to consumers when they purchase the product.
Insurance Coverage
Lastly, insurance coverage can also affect the cost of xiidra. Some insurance companies may not cover this medication or offer limited coverage for it, which can make purchasing xiidra even more expensive than usual. It’s important to look into your particular insurance coverage before buying this medication so you know what kind of financial commitment you will have to make upfront.
Conclusion:
Xiidra may seem like a costly option when compared with other medications but its price tag reflects many factors, including high demand, production costs and insurance coverage (or lack thereof). If you are looking into using xiidra as part of your eye care routine then be sure to do your research first so you understand all the associated costs before making a purchase decision. With proper research and planning ahead, you can find ways to save on this potentially expensive medication while still getting the best possible results from your treatment plan.
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