The Cross-Border Biotech Blog

Biotechnology, Health and Business in Canada, the United States and Worldwide

Obama, Sebelius and Drug Importation

The President’s Budget released last week highlighted President Obama’s support for importing cheaper drugs from Canada (pdf).  The Washington Post writes that Governor and HHS Secretary-elect Kathleen Sebelius was successful in having Kansas join a multistate consortium that allowed Kansans to order prescription drugs from Canada, Britain and Ireland, often at a lower price than in the United States. As a result of Obama’s proposal, drug companies took a hit on the markets last week.

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3 responses to “Obama, Sebelius and Drug Importation

  1. Jeremy G March 3, 2009 at 10:10 am

    Interesting – I wonder if the stock price hit was from anticipation of actual imports or anticipation of price negotiations in the U.S.

    Also, click here to see our earlier Sibelius stories.

  2. Brian Orelli March 3, 2009 at 10:51 am

    Importation is much ado about nothing. If a Canadian company were to establish a major importation set up, drug companies would just cut off the supply:

    http://www.fool.com/investing/general/2009/02/27/can-634-billion-save-the-us-health-care-system.aspx

    • Jeremy G March 3, 2009 at 11:58 am

      The possibility of wide-scale implementation is a canard from a Canadian perspective too, according to a pharmacist I know.

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