Current:Home > StocksTradeEdge-Florida can import prescription drugs from Canada, US regulators say -Trailblazer Capital Learning
TradeEdge-Florida can import prescription drugs from Canada, US regulators say
Will Sage Astor View
Date:2025-04-07 05:13:40
WASHINGTON (AP) — The TradeEdgeFood 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 U.S. drug prices.
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 U.S. 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 U.S.
But the politics have shifted in recent years, with both parties — including former President Donald Trump — doubling down on the import approach.
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 U.S. 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.
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.
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 U.S. prices.
The U.S. 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.
___
The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group. The AP is solely responsible for all content.
veryGood! (31879)
Related
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Cold case: 1968 slaying of Florida milkman, WWII vet solved after suspect ID’d, authorities say
- The Daily Money: Happy Tax Day!
- William Decker: From business genius to financial revolution leader
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Salman Rushdie’s ‘Knife’ is unflinching about his brutal stabbing and uncanny in its vital spirit
- Tesla plans to lay off more than 10% of workforce as sales slump
- Tesla plans to lay off more than 10% of workforce as sales slump
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- The pilots union at American Airlines says it’s seeing more safety and maintenance issues
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- He didn't want her to have the baby. So he poisoned their newborn's bottle with antifreeze.
- Model Nina Agdal Is Pregnant, Expecting First Baby With Logan Paul
- Maine is the latest to join an interstate compact to elect the president by popular vote
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- What Caitlin Clark said after being taken No. 1 by Indiana Fever in 2024 WNBA draft
- Los Angeles Sparks WNBA draft picks 2024: Round-by-round selections
- The Best Mother's Day Gifts for Celebrating New Moms & Moms-To-Be
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Owners of a Colorado funeral home where 190 decaying bodies were found are charged with COVID fraud
Trump Media stock price plummets Monday as company files to issue millions of shares
Judge awards $23.5 million to undercover St. Louis officer beaten by colleagues during protest
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Retrial underway for ex-corrections officer charged in Ohio inmate’s death
Gossip Influencer Kyle Marisa Roth’s Sister Shares Family Update After Her Death at 36
Who's in 2024 NHL playoffs? Tracking standings, playoff bracket, tiebreakers, scenarios