According to the Boston Globe article on 05/04/2004: "President Bush's chief healthcare official, Health and Human Services Secretary Tommy Thompson, said he would recommend that Bush not stand in the way of a bill to make importing prescription drugs legal. "I think it's coming," Thompson said at a news conference about new Medicare discount cards. "I think Congress is going to pass it." The House approved an importation bill last year, but it died in the Senate. This year, a bipartisan group of senators, including Democrat Edward M. Kennedy of Massachusetts and Republicans Trent Lott of Mississippi and John McCain of Arizona, is rounding up support that appears to be growing, placing more pressure on the White House."
Market Overview
IMS Health's annual IMS World Review reveals that combined audited and estimated unaudited global pharmaceutical sales grew 9% at a constant dollar rate in 2003 to reach $491.8 billion. North America was again the most dynamic region accounting for roughly half of all global sales.
Opportunity
Canadian online pharmacy industry, virtually non-existent 4 years ago, is now an estimated 1 Billon per year business. The growth potential of the industry could be staggering, since it represents less then 1% of total prescription drug sales in North America.
Why AffordableRX?
AffordableRX is one of the early pioneers of the cross border pharamcy referral service industry. We have a large customer base as well as a commanding web presence. Affordable Rx has the necessary knowledge and the expertise to continue rapidly growing our business, or provide a quick entry into the online pharmacy referral business for a major pharmacy group.
Why Now?
Now is the time to develop a sound strategy to capitalize on the coming political events. If you are an individual investor, venture capital group or a pharmacy chain please fill out the form.
