this post was submitted on 10 Jan 2024
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This is the best summary I could come up with:
Canada issued a warning Monday that it stands ready to defend its prescription drug supply from US importation plans—and also said the plans wouldn't work for the US, anyway.
"Bulk importation will not provide an effective solution to the problem of high drug prices in the US," Health Canada said in a statement.
The move stems from President Biden’s "Executive Order on Promoting Competition in the American Economy," which directed the FDA to help develop such programs.
"These proposals must demonstrate the programs would result in significant cost savings to consumers without adding risk of exposure to unsafe or ineffective drugs."
"The Department will not hesitate to take immediate action to address non-compliance, ranging from requesting a plan for corrective measures, issuing a public advisory or other forms of communication, to taking action on the licenses of regulated parties who contravene the export prohibition if warranted."
Stephen Ubl, CEO of the powerful trade group PhRMA—Pharmaceutical Research and Manufacturers of America—said in a statement that the group is "deeply concerned with the FDA’s reckless decision to approve Florida’s state importation plan" and claimed importation "poses a serious danger to public health."
The original article contains 576 words, the summary contains 190 words. Saved 67%. I'm a bot and I'm open source!
Hot damn, that's Floridian-on-Canadian-drugs kind of savings!
I LOVE any plan that makes Big Pharma squeal.