U.S. Looks to Europe for Low Drug Prices
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U.S. states that have looked to Canada to help their residents win steep discounts on prescription drug prices are turning to Europe for the same deals because the Canadian government is considering shutting off the southbound flow.
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Illinois residents will soon gain access to lower-cost prescription drugs from Canada, the United Kingdom and Ireland, sidestepping U.S. regulators' objections to imported drugs, Gov. Rod Blagojevich said on Tuesday.
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Europeans are flocking to the United States to shop, drawn by a weak dollar that promises cheap holiday shopping excursions. But some say Massachusetts businesses are missing out because $2 million earmarked for international tourism marketing is sitting untouched.
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Some Canadian pharmacies are looking at countries like Britain, Ireland and New Zealand for their drug supplies as demand from the US increases, USA Today said.
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EU approval opens new markets for the cancer drug that could edge out the competition by lowering overall medical costs.
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Efforts to allow Americans access to cheaper prescription drugs from abroad should blossom once Democrats assume control in Congress, but it won't be a top priority, lawmakers and health care experts said.
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Kansas joins three other states in a program that makes lower-cost drugs from abroad available to all residents. BY STEVE PAINTER.
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On Tuesday, Gov. Kathleen Sebelius announced that senior citizens and low-wage working Kansans now have access to lower cost prescription drugs from Canada and Europe.
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Americans eager to import less-expensive prescription drugs from outside the country got disappointing news Tuesday from the Bush administration.
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This little drug maker has the potential for big profit, in both the U.S. and Europe.
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Drugmakers get part of the job done outside of the U.S.
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With the dollar near its lowest rate ever against the euro, many Europeans are looking at the United States as a cheap place to flex their strong currency.
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Americans would be allowed to carry   into the United States small quantities of prescription drugs   they buy in Canada under a tentative deal approved by   congressional negotiators.
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Illinois and Wisconsin on Monday launched the country&#39;s first state-sponsored program to help residents buy cheaper prescription drugs from both Canada and Europe - despite federal laws banning the practice.
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Drug makers are exploring the possibility of tying pharmaceutical prices to performance.
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Experts say that importing drugs from countries that control their prices would not make drugs cheaper in the U.S.
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First it was Illinois, now New York City is also attempting to get large orders of flu vaccines from Europe. Whether or not these foreign supplies will get FDA clearance is still unclear.