Canadian online pharmacies face problems

April 6, 2006

The Canadian online pharmacy industry, on which many U.S. customers depend, may have run into problems caused by its own growth.

The industry, which grew phenomenally as a cheaper alternative to soaring drug prices in the United States, faces falling sales caused by many smaller online pharmacies going out of business.

One estimate is that monthly drug sales from Canada to the United States have declined 20 percent to 30 percent since last June, reports The New York Times.

The report notes with the growth of the industry, surviving Canadian pharmacies are forced to either buy or become partners with pharmacies in Europe and Asia to find scare drugs and improve profit margins.

Other challenges include a strengthening Canadian dollar that makes their drugs more expensive, and advertising costs to answer questions about product safety.

The industry also has been hit by the recent large seizures of shipments by U.S. officials, the Times reported.

These steps have scared off some of the industry's 2 million U.S. customers. These same customers also are beginning to see the U.S. Medicare prescription drug plan may not be as cumbersome as previously thought.

Copyright 2006 by United Press International

Explore further: Toward competitive generic drug prices in Canada

Related Stories

Toward competitive generic drug prices in Canada

November 19, 2012

The commitment of Canadian premiers to lower generic drug prices is a major change in how the country prices generic drugs, and government should learn from past attempts, states an article published in CMAJ (Canadian Medical ...

Canadian prescription wars continue

July 24, 2006

An increasing number of prescription drugs ordered by U.S. citizens from Canadian sources are being seized by U.S. Customs and Border Protection agents.

Google to settle drug probe for $500 million

August 24, 2011

Google will pay $500 million to settle charges that it sold advertisements to Canada-based online pharmacies which marketed drugs to Americans in violation of US law, US justice officials announced Wednesday.

CVS, Express Scripts cut ties with Valeant-linked pharmacy

October 29, 2015

The nation's two largest pharmacy benefit providers said Thursday they are severing ties with a mail-order pharmacy affiliated with embattled drugmaker Valeant Pharmaceuticals after a review of the pharmacy's business practices.

Report: Google ad inquiry focused on pharmacies

May 13, 2011

(AP) -- Google Inc. recently set aside $500 million to cover a possible settlement of a U.S. government investigation into the Internet search leader's distribution of online ads from illegal pharmacies, according to a report ...

Recommended for you

Seals help plug Antarctic water mystery

August 24, 2016

Elephant seals have helped scientists to demonstrate that fresh water from Antarctic's melting ice shelves slows the processes responsible for the formation of deep-water ocean currents that regulate global temperatures.

LiH mediates low-temperature ammonia synthesis

August 24, 2016

Nearly half of the world's population is fed by industrial N2 fixation, i. e., the Harbor-Bosch process. Although exergonic in nature, NH3 synthesis from N2 and H2 catalyzed by the fused Fe has to be conducted at elevated ...

Selecting the right house plant could improve indoor air

August 24, 2016

Indoor air pollution is an important environmental threat to human health, leading to symptoms of "sick building syndrome." But researchers report that surrounding oneself with certain house plants could combat the potentially ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.