More States Want to Import Drugs: Bloomberg
New York is the latest state to publicly express interest in developing a program to import drugs from Canada. That’s the word in a Bloomberg Law “Deep Dive” into the issue of drug importation. “State leaders are reviving talk of importing prescription drugs from Canada, even as U.S. drugmakers and healthcare attorneys warn that logistical obstacles and looming tariffs might prevent lower prices for patients at pharmacies,” the report says.
In her January State of the State address, New York Gov. Kathy Hochul said she was exploring participation in the FDA pathway allowing states to import some drugs from Canada.
So far, FDA has only approved Florida’s program, but the state still has not opened its program. The article says that six other states have enacted laws allowing them to set up importation plans and legislation has been filed in New York, Illinois, and Mississippi.
Bloomberg Law quotes attorney Margaux Hall (Ropes & Gray) that, “I haven’t seen meaningful analysis of how this type of a program would actually lower out-of-pocket costs for a consumer at the pharmacy counter.”
The report says the possibility of a tariff against Canadian drugs could undermine any savings from imports. It also notes that FDA is excluding biologics from the list of drugs that can be imported. “If you layer on top of that potential real consumer concerns regarding the safety and efficacy of these products, there are questions regarding the extent to which the market would meaningfully respond,” Hall concluded.