CNN/Money One for credit card only hard offer form at $9.95 One for risk-free form at $14.95 w/ $9.95 upsell  
News > Jobs & Economy
graphic
Illinois to fight FDA on drug imports
Report: Governor says state must act to help citizens purchase cheaper drugs from Canada, Europe.
August 17, 2004: 7:56 AM EDT

NEW YORK (CNN/Money) - The state of Illinois is set to announce a program to help its citizens buy drugs at a cheaper price from pharmacies in Canada and Europe, according to published reports, a move that would put it at odds with the Food and Drug Administration.

YOUR E-MAIL ALERTS
Pharmaceuticals
Illinois
Canada

The Chicago Tribune, Chicago Sun-Times and USA Today report that the program is to be announced Tuesday by Illinois Gov. Rod Blagojevich, a Democrat. Blagojevich will argue the new program will allow 2.8 million people in Illinois who are without prescription drug coverage to save about $812 million a year through the program, according to the Tribune.

"The federal government has failed to act," Blagojevich said in a written statement. "So it's time that we do."

But FDA Associate Commissioner William Hubbard told the newspapers that actions by Illinois and some other local governments to assist consumers with purchases from Canada and elsewhere are illegal and unsafe.

U.S. drug manufacturers are fighting the reimportation of lower-priced drugs from Canada and Europe back to the U.S. market, trying to cut off the foreign pharmacies that are selling to U.S. customers.

With the move by Illinois, the issue of access to lower-priced drugs from foreign pharmacies is likely to become an issue in this year's presidential election.  Top of page




  More on NEWS
JPMorgan dramatically slashes Tesla's stock price forecast
Greece is finally done with its epic bailout binge
Europe is preparing another crackdown on Big Tech
  TODAY'S TOP STORIES
7 things to know before the bell
SoftBank and Toyota want driverless cars to change the world
Aston Martin falls 5% in its London IPO




graphic graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.