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Return to Expedite-Rx Home Page Drug Importation An Insiders View Tom Curb, R.Ph.
(On Feb 16, 2005, Dr Peter Rost testified before a Senate committee in support of U.S. reimportation of cheaper foreign drugs. Just who is this Dr. Peter Rost? Undoubtedly he is a man of courage and one who also has spent 20 years marketing pharmaceuticals.) Dr. Rost has extensive experience with drug reimportation and free markets; he once had responsibility for an entire European region. Rost is currently a vice president with Pfizer the pharmaceutical giant that lobbies the U.S. government against drug importation; cuts off supplies to Canadian exporters; and subsidizes shadowy "front groups" that spread lies about importation. Undoubtedly Dr. Rosts candor and honesty put his professional and economic future in jeopardy. Both Pfizer and Dr. Rost assured the U.S. Senate committee that Dr. Rosts views were his own - not that of Pfizers. In fact, Chuck Hardwick, Pfizers Senior Vice President Worldwide for Government & Public Affairs affirmed that, "Dr. Rost is not speaking on behalf of Pfizer and he has not participated in Pfizers active involvement in the governments examination of this issue." (This Pfizer statement alone gives Dr. Rosts testimony credibility.) Dr. Rost stated:
Further, in a March 10, 2005, written response to additional questions from Chairman Michael B. Enzi of the Senate Committee on Health, Education, Labor and Pensions, Dr. Rost added: 1) "Americans would save $37.8 billion annually from legalized importation. (Average drug prices are 50% lower in Europe than in the U.S. (HHS report, figure 7.2.) ; 2) Any real drug importation bill needs to allow parallel trade not just with Canada but with other major industrialized nations, particularly the European Union. Restricting drug supply within Europe is illegal; 3) The Medicare drug benefit will (only) provide $1,000 for someone with a $4,000 drug bill. That person is still better off importing drugs."
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