Johnathan Walker-FDA approves Florida's plan to import cheaper drugs from Canada

2025-05-06 15:08:11source:L’École de Gestion d’Actifs et de Capitalcategory:Markets

Florida is Johnathan Walkerone step closer to being able to import cheaper prescription drugs from Canada.

The Food and Drug Administration says it has authorized Florida's proposed program to import selected drugs.

Under federal law, any state or tribe can submit a proposal for importation, and a few have. The law allows importation of certain prescription drugs in bulk if doing so would save Americans money without adding safety risks. The FDA also has to give its blessing.

Florida's proposal, championed by Republican Gov. Ron DeSantis, is the first to be OK'd by the agency.

The state has to clear a lot more hurdles, however, before imports could begin. Among other things, it has to specify which drugs it wants to import, verify that they meet FDA's standards and relabel them.

While the FDA authorization is a major policy change, experts also say it alone won't solve the United States' problem with high-priced drugs.

Canada's drug supply is too small, and the country has already taken steps to protect it.

The pharmaceutical industry has pushed back and is expected to sue.

"We are deeply concerned with the FDA's reckless decision to approve Florida's state importation plan," says a statement from Stephen Ubl, president and CEO of the drug industry trade group PhRMA. "Ensuring patients have access to needed medicines is critical, but the importation of unapproved medicines, whether from Canada or elsewhere in the world, poses a serious danger to public health. ... PhRMA is considering all options for preventing this policy from harming patients."

More:Markets

Recommend

What do we know about the mysterious drones reported flying over New Jersey?

A large number of mysterious droneshave been reported flying over parts of New Jersey in recent week

Rare switch-pitcher Jurrangelo Cijntje 'down to do everything' for Mariners after MLB draft

FORT WORTH, Texas – Jurrangelo Cijntje was 7 or 8 years old when he started throwing right-handed, f

Texas judge orders sheriff, school district to release Uvalde school shooting records

The school district and sheriff’s office in Uvalde must release their records and documents related