Colorado moves another step closer to importing lower-cost prescription drugs from Canada – By John Ingold (Colorado Sun) / Aug 18, 2022
The state has signed contracts with three organizations to serve as exporters, importers and safety monitors
Colorado has taken another step toward importing lower-cost prescription drugs from Canada, after signing contracts with companies on both sides of the border that will handle the transaction.
The state hopes that bringing in regular, everyday prescription drugs from Canada, where they are sold at a lower price than in the United States, will help lower drug costs for people here. On Thursday, the state announced that it has signed deals with three companies: AdiraMedica, a wholesaler with a subsidiary in Canada that will act as the exporter; Premier Pharmaceuticals, an Idaho-based wholesaler that will act as the importer and distributor; and Rocky Mountain Poison and Drug Safety, which will run a program to collect reports on the drugs’ safety.
“We have hit a major milestone on importation, and that is, if you will, setting up the pathway and the partner contracts in order to enable the importation.” said Kim Bimestefer, the executive director of the Colorado Department of Health Care Policy and Financing, which is overseeing the importation program.
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