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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Kansas is joining three other states in a program aimed at helping residents import lower-cost prescription drugs from Canada and Europe, Gov.
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WEDNESDAY, Oct. 13 (HealthDayNews) -- A new joint program in Illinois and Wisconsin to help residents buy cheaper prescription drugs from Canada and Europe is the latest challenge to the United States' ban on drug importation.
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Missouri is the third state to join the new I-SaveRx prescription drug importation program, allowing residents to buy lower-cost drugs from Europe and Canada than are generally available in the United States.
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WASHINGTON -- The Illinois governor's ambitious plan to help that state's residents buy prescription drugs from Britain also may permit drug imports from Europe's developing nations, the Food and Drug Administration fears.
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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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Making imported drugs safe for Americans would be so expensive that US consumers would see a price break of only about 1 percent, a Bush administration advisory task force declared Tuesday.
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Importing cheaper prescription drugs  should not come at the expense of safety, said a U.S.  government report issued on Tuesday that highlighted the  problems of ensuring the medicines are equivalent to those in  the United States.
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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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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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This little drug maker has the potential for big profit, in both the U.S. and Europe.
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Illinois residents will soon gain access to lower-cost prescription drugs from Canada, the United Kingdom and Ireland, sidestepping US regulators&#39; objections to imported drugs, Gov. Rod Blagojevich said on Tuesday.
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Now might be a great time to load up on cutting-edge drug makers.
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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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Consolidation in Europe's drugs   sector gathered steam on Thursday as Germany's Merck unveiled a   $13.3-billion deal to buy Europe's top biotech firm Serono, and   Denmark's Nycomed won the drugs unit of Altana.
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The Illinois governor&#39;s ambitious plan to help that state&#39;s residents buy prescription drugs from the United Kingdom also may permit drug imports from Europe&#39;s developing
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The US Food and Drug Administration is concerned that Illinois&#39; plan to help residents buy prescription medications from the United Kingdom may open the door to counterfeit drugs from other countries that have less-stringent drug safeguards.