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FDA Approval Breakthrough FDA greenlights Florida's plan to import prescription drugs from Canada, effective February 1, 2024
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Price Slashing Move Medicines in Canada often half the price of U.S. counterparts; program targets significant cost reductions in Florida
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Industry Opposition Decades of resistance from the U.S. pharmaceutical industry face a policy shift; lobbying group hints at intervention
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Estimated Savings Florida anticipates saving up to $150 million annually, focusing on medicine for HIV/AIDS, diabetes, hepatitis C, and mental illness
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Global Price Disparity U.S. prescription drug costs double the average spent by other OECD member countries, sparking ongoing political debate
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Commissioner's Statement FDA Commissioner Robert Califf emphasizes the need for cost savings without compromising Medicine safety
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Stringent Requirements FDA-approved plan demands labeled drugs meeting specifications; quarterly reports on savings, safety, and quality issues
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Access Restrictions Imported drug accessibility to be restricted, emphasizing safety and quality controls