From CNBC:

The FDA has approved Florida’s plan to import cheaper prescription drugs from Canada. This move could significantly reduce the cost of medications for Americans seeking relief from high prices. Florida must submit details to the FDA on the intended imported medications and relabel packages for two years. Some states have similar plans underway.

This approval is a significant development in efforts to lower drug costs in the U.S., given the significant price differences between medications in the U.S. and other countries, such as Canada. However, Florida’s plan could face opposition and potential lawsuits from the pharmaceutical industry concerned about safety and effectiveness of imported medications.

The FDA’s approval of Florida’s drug importation plan includes measures to mitigate potential risks, such as requiring the state to demonstrate cost savings without endangering patients’ health. The pharmaceutical industry has called the approval “reckless” and expressed concerns that politicians are interfering with healthcare access.

Despite opposition from the pharmaceutical industry, the FDA approved Florida’s plan to import drugs from Canada, setting up a potential showdown over access to drugs. Florida and pharmaceutical industry could face off in court. President Joe Biden has issued an executive order related to promoting competition in the American
economy that includes working with the FDA and states on a plan for importing drugs from Canada.



Read more: Florida wins first FDA approval to import drugs from Canada