Monday, May 28, 2007

Canadian drug imports shrink in half from 2004

From the Detroit News:
The once-booming business of selling Canadian prescription drugs to Americans has shrunk in half since 2004-05 as the surging Canadian dollar and better U.S. government health insurance erode the price gap.

Annual sales have slipped below $500 million Canadian, down from nearly $1 billion Canadian in 2004, according to figures supplied by the Canadian International Pharmacy Association, which represents Internet and mail-order drugstores.

The figures include sales of drugs to Americans from third countries, mainly in Europe, but brokered by Canadian pharmacies. ...more

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