who resell to US customers.. CNBC just reported this..
The biggies in the RX business will win by hook or by crook..
If the pharms sell for Canadian prices to Americans, they will get "cut off"..
Gee how are the getting the information?? I smell an Ashcroft in this plan :(
http://reuters.com/financeNewsArticle.jhtml?type=governmentFilingsNews&storyID=3232969UPDATE 1-Pfizer to restrict drug sales to U.S. from Canada
Wed August 6, 2003 04:53 PM ET
(Updates with details)
NEW YORK, Aug 6 (Reuters) - Pfizer Inc.PFE.N said it would cut off supplies of its products to Canadian pharmacies that sell drugs at Canadian prices to consumers in the United States, where the price of the same medicines is much higher.
The world's biggest drugmaker, following a trend begun by GlaxoSmithKline Plc GSK.L , told pharmacists in a letter dated Aug. 4 that the company will sell all drugs produced by Pfizer and its recently acquired subsidiary, Pharmacia, directly rather than through wholesalers and distributors.
That will allow Pfizer to better track where the drugs are being sold and cut off pharmacies that sell to the United States. Congress is currently debating possible reimportation of drugs from Canada.
"The objective of us having more customers as direct clients is for us to better enforce our terms of sale which are that our products are only to be sold in Canada for Canadian patients and that they are not for export," said Don Sancton, a spokesman for Pfizer Canada Inc.
...more