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.”
Yeah right. These Canadian drugs will definitely pose a health risk to Americans. Suuuuure. They’re definitely not worried they’ll have less money to line their pockets with.
You misunderstand.
“Public Health” is what they call their wallets.
Florida needs to grow a pair and advocate for universal Healthcare or at least statewide bulk medicine purchases. Canada shouldn’t bail Florida out for being a dumbass.
Pick the easy solution. Many other countries have.
Lol
They’ll get right on that after the purges, I’m sure.
It’s not collective bargaining if you buy from a nation that already did the collective bargaining for you.
Ron DeSantis, master of the Double Dutch Rudder.
These drugs will get sold in the US at the same price as the rest. No way will big pharma be undercut.
Nah. Plently of middlemen would be happy to arbitage a drug in canada that costs $20 and sell a million doses to Florida for $25. Aint no one gonna buy those million doses for the same $340 they can pay in the US.
Eventually, market forces will force the middleman to take a small profit at most, as they would be undercut by another middleman who would. Drug prices would pretty closely match at that point.
In a world of lots of small middlemen, sure. But in a world where you only have a handful of middlemen that can all collude with eachother to fix prices high? looks pointedly at several entire markets
That’s the beauty, they won’t have a choice. When it comes to pharma, the US is 110% anti-consumer.
I would welcome US and other countries to purchase drug made in canada. Whiles drugs imported by Canada should be restricted or some kind of reexportation fee should be levied to avoid shortages.
There are several manufacturer based in Canada such as Apotex Inc., Johnson&Johnson/Actelion, AbbVie, Novartis, Merck/Cubist, Pfizer/Hospira, Bayer, Roche, AstraZeneca, GlaxoSmithKline, etc… Statistics from 2020
I would love to see Canada become a major influence in making high quality generic drugs more afordable to every one on the planet.
Only good capitalism is a dead capitalism.
