• bitcoinBitcoin(BTC)$78,002.001.35%
  • ethereumEthereum(ETH)$2,509.463.54%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$722.542.25%
  • rippleXRP(XRP)$1.370.68%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$101.582.34%
  • tronTRON(TRX)$0.336551-0.65%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.040.82%
  • zcashZcash(ZEC)$1,166.33-2.72%
  • HyperliquidHyperliquid(HYPE)$82.021.80%
  • dogecoinDogecoin(DOGE)$0.0850621.44%
  • RainRain(RAIN)$0.015827-0.33%
  • USDSUSDS(USDS)$1.000.01%
  • moneroMonero(XMR)$513.202.25%
  • whitebitWhiteBIT Coin(WBT)$80.931.74%
  • chainlinkChainlink(LINK)$11.65-0.16%
  • leo-tokenLEO Token(LEO)$9.15-0.50%
  • cardanoCardano(ADA)$0.2092940.06%
  • stellarStellar(XLM)$0.1790781.17%
  • Ethena USDeEthena USDe(USDE)$1.000.00%
  • bitcoin-cashBitcoin Cash(BCH)$229.13-3.93%
  • daiDai(DAI)$1.00-0.01%
  • USD1USD1(USD1)$1.000.02%
  • litecoinLitecoin(LTC)$53.262.39%
  • CantonCanton(CC)$0.098024-2.32%
  • uniswapUniswap(UNI)$6.164.98%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.370.57%
  • avalanche-2Avalanche(AVAX)$7.59-0.30%
  • nearNEAR Protocol(NEAR)$2.566.63%
  • hedera-hashgraphHedera(HBAR)$0.0755610.60%
  • Global DollarGlobal Dollar(USDG)$1.000.00%
  • shiba-inuShiba Inu(SHIB)$0.0000051.69%
  • suiSui(SUI)$0.74-1.75%
  • paypal-usdPayPal USD(PYUSD)$1.00-0.01%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • crypto-com-chainCronos(CRO)$0.0567821.26%
  • MemeCoreMemeCore(M)$1.200.27%
  • tether-goldTether Gold(XAUT)$4,372.590.62%
  • Circle USYCCircle USYC(USYC)$1.140.01%
  • Ripple USDRipple USD(RLUSD)$1.000.00%
  • okbOKB(OKB)$113.652.58%
  • BittensorBittensor(TAO)$239.16-1.85%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.15-0.03%
  • mantleMantle(MNT)$0.591.25%
  • aaveAave(AAVE)$125.072.68%
  • AsterAster(ASTER)$0.70-0.52%
  • pax-goldPAX Gold(PAXG)$4,375.930.68%
  • polkadotPolkadot(DOT)$1.111.07%
  • OndoOndo(ONDO)$0.3583492.74%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Florida gets FDA approval to import prescription drugs from Canada

January 5, 2024
in Business
Reading Time: 3 mins read
A A
Florida gets FDA approval to import prescription drugs from Canada
ShareShareShareShareShare

The Food and Drug Administration on Friday cleared the way for Florida’s first-in-the-nation plan to import lower-priced prescription drugs from Canada, a long-sought approach to accessing cheaper medications that follows decades of frustration with US drug prices.

YOU MAY ALSO LIKE

Inflation rises 3.4% in August in last report before Fed’s interest-rate decision

US Mint commemorates 9/11 25th anniversary with new half-dollar coin: ‘NEVER FORGET’

Republican Gov. Ron DeSantis signed the plan into law in 2019, but it required federal review and approval by the FDA, which controls prescription drug imports.

Democratic President Joe Biden has backed such programs as a way to lower prices, signing an executive order in 2021 that directed the FDA to work with states on imports.

The policy change represented a seismic shift after decades of lobbying by the pharmaceutical industry, which said imports would expose US patients to risks of counterfeit or adulterated drugs.

The FDA also previously warned of the difficulties of assuring the safety of drugs originating from outside the US.

But the politics have shifted in recent years, with both parties — including former President Donald Trump — doubling down on the import approach.

The FDA had previously warned of the difficulties of assuring the safety of drugs originating from outside the US. REUTERS

The FDA said Florida’s program will be authorized for two years. Under federal requirements, state officials must test the drugs to make sure they’re authentic and relabel them so that they comply with US standards.

Florida’s health department must also provide a quarterly report to the FDA on the types of drugs imported, cost savings, and any potential safety and quality issues.

“These proposals must demonstrate the programs would result in significant cost savings to consumers without adding risk of exposure to unsafe or ineffective drugs,” FDA Commissioner Dr. Robert Califf said in a statement.

Many people already buy at least some of their medicines from pharmacies in Canada or Mexico, although technically it’s illegal to import them.

Republican Gov. Ron DeSantis signed the plan into law in 2019, but it required federal review and approval by the FDA. REUTERS

Work on allowing state imports began under Trump, a relentless critic of industry pricing.

Under the current regulations, states can import certain medicines through pharmacies and wholesalers. DeSantis has previously estimated taxpayers could save up to $150 million annually under the program.

The state’s proposal includes a number of drug classes, including medications for asthma; chronic obstructive pulmonary disease, or COPD; diabetes; HIV and AIDS; and mental illness.

The medications would be only for certain people, including foster children, inmates, certain elderly patients and — eventually — Medicaid recipients.

The policy change represented a seismic shift after decades of lobbying by the pharmaceutical industry. JJAVA – stock.adobe.com

Like most developed nations, Canada sets limits on the prices drugmakers can charge if they wish to enter the market. Health officials there previously have suggested their country’s prescription drug market is too small to have any real impact on US prices.

The US has long had the highest prescription drug prices in the world, with essentially no government limits on what companies can charge. Only in 2022 did Congress pass a law allowing the federal government to negotiate prices for a small number of medications used by seniors in the Medicare program. The first such negotiations are set to take place later this year.

Credit: Source link

ShareTweetSendSharePin

Related Posts

Inflation rises 3.4% in August in last report before Fed’s interest-rate decision
Business

Inflation rises 3.4% in August in last report before Fed’s interest-rate decision

September 11, 2026
US Mint commemorates 9/11 25th anniversary with new half-dollar coin: ‘NEVER FORGET’
Business

US Mint commemorates 9/11 25th anniversary with new half-dollar coin: ‘NEVER FORGET’

September 10, 2026
New Zuckoff app detects nearby Meta ‘perv glasses:’ ‘right to at least know that someone is recording’
Business

New Zuckoff app detects nearby Meta ‘perv glasses:’ ‘right to at least know that someone is recording’

September 10, 2026
Seattle business leaders call on mayor to tackle public safety crisis
Business

Seattle business leaders call on mayor to tackle public safety crisis

September 10, 2026
Next Post
Proximus: Telesign Rebirth Could Drive Value, Synergies Dependent (BGAOF)

Proximus: Telesign Rebirth Could Drive Value, Synergies Dependent (BGAOF)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Trump pushes elections bill 

Trump pushes elections bill 

September 4, 2026
Divers clean famous underwater statue off Italian coast

Divers clean famous underwater statue off Italian coast

September 6, 2026
NBC Nightly News with Tom Llamas Full Episode – July 24

NBC Nightly News with Tom Llamas Full Episode – July 24

September 5, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!