Canadian Internet Pharmacy Sales to the United States Down 50% in 2006
Year-end data released today by IMS Health, the world's leading provider of market intelligence to the pharmaceutical and healthcare industries, shows that Canadian internet pharmacy sales to the United States dropped sharply in 2006 compared to 2005.
While 2005 sales to the U.S. recorded by Canadian internet pharmacies reached $420 million, 2006 sales declined by almost 50% to reach $211 million. Declining sales have now been observed for every quarter since June 2004. While internet pharmacies sold more than $121 million to the U.S. in the first quarter of 2005, they made shipments worth just above $40 million in the last quarter of 2006. "Just a few years ago, internet sales of prescription drugs to the United States were booming.
21 March 2007