Florida Wins First FDA Approval to Import Cheaper Drugs From Canada

The FDA last week approved Florida’s plan to import cheaper prescription drugs from Canada, a first-in-the-nation move that could reduce costs for Americans but faces fierce opposition from the pharmaceutical industry.

Drug importation could open up a new and cheaper source of drugs beyond the retail and mail-order pharmacies that Americans typically rely on to fill prescriptions. The regulator also said it was committed to working with other states seeking to import drugs from Canada. Read more from CNBC here.