Feeds

Big Pharma puts squeeze on Canadian Net pharmacies

'Brink of collapse'

  • alert
  • submit to reddit

High performance access to file storage

The Canadian International Pharmacy Association says Canadian Internet pharmacies are being driven to "the brink of collapse" by sales restrictions imposed by major US drug manufacturers.

AstraZeneca is the latest company to take protective measures that effectively block wholesalers from selling its products to online pharmacies. Eli Lilly and Pfizer implemented similar measures earlier this year. Eli Lilly told Internet pharmacies to reveal the volume of drugs they order from wholesalers or have their supplies cut off.

Although it is illegal for Americans to import drugs, an estimated one million - often underinsured - Americans buy their drugs from Canada, where they are often half the price. The cross-border price war has led to an online pharmacy boom in Canada, in particular in Manitoba, where 80 of Canada's 220 online pharmacies are now located. The big drug companies are complaining that they are losing money.

Research by the Pharmacy Alliance for Canadians found that Internet pharmacy companies are diverting more than 40 per cent of Manitoba's drug supply to the US. Most of Manitoba's pharmacies are struggling to hire enough pharmacists to care for their patients. Critics call it "a betrayal of Manitoba's health care birthright".

The Canadian drug trade has also become a magnet for fraud. Last month, major players in Canada's online pharmacies met in Winnipeg to discuss the problem of scam websites that are threatening their $4bn business. The companies pretend to be Canadian, but are often located in Europe, Asia and the US, and sell counterfeit or contaminated products.

The sales restrictions seem to have had immediate effect. Customers are being told to switch to other brands or generic drugs, or to pharmacies in other countries. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.