Companies in New York and Florida were selling unapproved GLP-1 agonists. Operation Shield IV removed $69 million in illicit medicine and doping substances from European markets. A California man who distributed smuggled tianeptine received a two-year sentence.
PSM opposes the practice of reimbursing pharmacies below the cost of acquisition of medicine and supports efforts to reform reimbursement systems that eliminate this market dynamic that threatens the safety of our drug supply.
The government won prosecutions in Massachusetts and New Hampshire against defendants selling non-FDA approved drugs. A family warns about tianeptine. Pill presses in Texas, Virginia and West Virginia.
“We are deeply concerned about the impact importation of unapproved foreign prescription drugs will have on counterfeit medication in the United States, especially as FDA considers approving additional SIPs.”
DoJ alleged that eBay did not keep and submit required records to the DEA. Snap’s CEO spoke in support of the Cooper Davis Act. The FDA warned about copycat eye drops. Additional domestic and international news about fake and substandard medicine.
PBMs, by under reimbursing pharmacies, are creating a demand for pharmacies to seek lower priced medications even when they can’t exist at that price.. Criminals appear to be happy to become part of the supply chain.
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