Sunday, February 12, 2006

Online drug crackdown

Here are a couple more articles talking about the woes of the internet pharmacy biz:

From the Winnipeg Sun:
A recent initiative by U.S. Customs to step up seizures of cheaper Canadian prescription drugs is making for uneasy times on both sides of the border.

Neither the $1-billion online drug industry nor the millions of U.S. patients who depend on the timely delivery of their medications say they can afford any kind of sustained U.S. government crackdown.

The lobby group representing most of the biggest players in the Internet pharmacy industry said yesterday that it first started noticing an increase in calls from panicky patients last December. ...more

From the Brandon Sun:
A double whammy has hit Manitoba’s estimated $1-billion Internet pharmacy business, with thousands of American online buyers forsaking Canadian drugs to purchase their medicine south of the border.

Following increased Medicare prescription drug coverage for some American seniors as well as more cross-border crackdowns by U.S. border officials on drug shipments, the president of the Canadian International Pharmacy Association said business for Canadian companies has crashed an estimated 10 to 30 per cent since December. ..more

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