Normalization Of Business Relations With Cuba Could Lead To U.S. Patients Seeing Lower Drug Prices

4 Indest-2009-3By George F. Indest III, J.D., M.P.A., LL.M., Board Certified by The Florida Bar in Health Law

The Obama administration announced on October 14, 2016 its decision to lift a long-standing ban on importing Cuban pharmaceuticals into the United States.  If the policy change is approved by the Food and Drug Administration (FDA), this could bring Cuba’s low-cost, creditable medicines to the U.S.  This presents an interesting side effect for the normalization of business relationships that we have not seen before.  That is, if patients will be able to obtain drugs at the much lower prices that Cuba pays for them by importing them from Cuba?

Benefits Of A Policy Change.

This policy change could allow American researchers the chance to lead joint research with Cuba’s researchers and the opportunity for Cuba’s care-delivery models. These models are known worldwide for their essential care and conveying solid results in spite of their lack of resources.  Dr. Pedro Greer, a Cuban-American who is associate dean for community engagement at the Herbert Wertheim College of Medicine at Florida International University, made a statement that Cuban vaccines are recognized for there high quality.

According to the Cuba Business Report, multiple Cuban drugs have already been approved or trialed in countries like Europe, Asia and Canada. To read the full report, click here.

What Are The Changes?

The Obama administration’s changes would also include legalizing imported Cuban merchandise such as alcohol and cigars. The administration feels that this change would open a world of business, as well as research opportunities, for American manufacturers and academic institutions.  Dr. Greer said that the Cuban biotech industry is mature and ready for a joint venture with a U.S. company or even an academic institute.

Dr. Ross McKinney, chief scientific officer at the Association of American Medical Colleges believes this policy change could be an opportunity to gain knowledge from one of the most cultured healthcare delivery and training programs in Latin America.

Dr. McKinney said, in terms of research, Cuban academics have a lot of knowledge to provide Americans, especially when it comes to vector-borne illness such as the Zika virus.  Dr. McKinney predicts U.S. medical researchers will want to engage in joint clinical trails with Cuba, as they have already done so with Caribbean islands such as Puerto Rico and the Bahamas.

Contact Experienced Health Law Attorneys.

The Health Law Firm routinely represents pharmacists, pharmacies, physicians, nurses and other health providers in investigations, regulatory matters, licensing issues, litigation, inspections and audits involving the DEA, Department of Health (DOH) and other law enforcement agencies. Its attorneys include those who are board certified by The Florida Bar in Health Law as well as licensed health professionals who are also attorneys.

To contact The Health Law Firm, please call (407) 331-6620 or (850) 439-1001 and visit our website at http://www.TheHealthLawFirm.com.

Sources:
Rubenfire, Adam. “Cuban Pharmaceutical Imports To U.S. Could Lead To Lower Drug Prices. “Vital Signs. (October 26, 2016). Web.

About the Author: George F. Indest III, J.D., M.P.A., LL.M., Board Certified by The Florida Bar in Health Law is an attorney with The Health Law Firm, which has a national practice. Its main office is in the Orlando, Florida, area. http://www.TheHealthLawFirm.com  The Health Law Firm, 1101 Douglas Avenue, Altamonte Springs, Florida 32714, Phone: (407) 331-6620.

KeyWords:  U.S. Food and Drug Administration (FDA), Obama administration lifting ban on Cuban imported pharmaceuticals, The Health Law Firm, Cuban imports of medical products and equipment, complex health care business transaction attorneys, defense of pharmacy and pharmacists attorney, reviews of The Health Law Firm, The Health Law Firm attorney reviews, consumer reports of Cuban medical business, consumers reducing prices of medications, legal representation for pharmaceutical companies, legal representation for FDA investigations, doing business with Cuba legal counsel, legal counsel for research studies, medical research defense attorney, legal opinion on complex medical business transactions, legal opinion on complex health care business transactions

“The Health Law Firm” is a registered fictitious business name of George F. Indest III, P.A. – The Health Law Firm, a Florida professional service corporation, since 1999.
Copyright © 2016 The Health Law Firm. All rights reserved.

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