Trudeau says he will 'take into account' U.S. drug import plans but will put Canadians first - (Financial Post via NewsPoints Desk)

  • Canadian Prime Minister Justin Trudeau said he is willing to consider US drug import plans for Canadian medications, but says he would put Canada's needs first, as reported in the Financial Post.

  • "Our priority will always be to ensure an adequate and safe supply for Canadians first and foremost," Trudeau said, when asked about the US proposal.

  • In a bid to lower drug prices, President Donald Trump's administration last week finalized a plan that includes a measure allowing states to purchase medicines from Canada.

  • According to the news source, at least 10 states in the US, including Florida, have passed or proposed laws to allow such imports from Canada, and as of September 25 there is federal approval.

  • Trudeau indicated that "any moves by the US will be taken into account" as the country builds up its pharmaceutical capacity during the coronavirus pandemic, and added that Canada would "be there to help other countries in need as well."

  • The news source noted that some of Canada's major distributors are subsidiaries of US companies, who are unlikely to participate in a program to lower prices, since their revenue reflects a cut of the value of the drugs they provide to pharmacies in the much larger US market. 

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