CNBC January 5, 2024
Key Points
– The U.S. Food and Drug Administration approved Florida’s plan to import cheaper prescription drugs from Canada.
– The agency’s greenlight is a first-in-the-nation move that faces fierce opposition from the pharmaceutical industry but could reduce costs for Americans.
– But Florida’s newly approved plan will likely face hurdles before it takes effect, including potential lawsuits from the pharmaceutical industry.
The U.S. Food and Drug Administration on Friday approved Florida’s plan to import cheaper prescription drugs from Canada, a first-in-the-nation move that could reduce costs for Americans but faces fierce opposition from the pharmaceutical industry.
The regulator also said it was committed to working with other states seeking to import drugs from Canada.
The FDA’s approval...
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