Iowa Seizes $4.6M From BuyMeds.com
What an immense amount of money that is! The state of Iowa apparently has found a brick-and-mortar pharmacy in-state which was working by contract for the online pharmacy called buymeds.com.
After interviewing many customers who admitted that they did not get their prescriptions through a doctors' appointment, the prosecutors went after buymeds.com and seized what appear to be profits stored away in various bank accounts and certificates of deposit....4.6 Million Dollars in profits from selling prescription medications online; 95% of which were controlled meds.
This is nothing new, as a few other states such as Kentucky and Florida have taken measures against the online pharmacy industry. Countless numbers of offshore pharmacies have tried to sell and export generic versions of prescription drugs into the U.S. regardless of state, but that seems to be in the process of elimination also.
Anyway, one of the platforms used by the prosecutors in this Iowa case is a frightening proposition. They suggest that the U.S. government involve itself by force of law in such a way that it receives profit from every sale of a controlled medication!
Who is the U.S government REALLY fighting for? All this time it was supposed to be about protecting online pharmacy customers from themselves and lately from impurely manufactured prescriptions. However, could we see some more action based on the greed of the government?
Because it is so easily scalable and can reach billions of people if marketed correctly, online business is not on its way out; and the online pharmacy industry has yielded profits next to none but those of the online casinos!
It was only a matter of time before the U.S. government found a way to make money off of online pharmacies! I guess it's almost fair play, except for the force of law issue.
Anyway, please let me know what you think! I'd like to start getting some comments.
I predict the death of this industry as non-government by the second half of 2006!
After interviewing many customers who admitted that they did not get their prescriptions through a doctors' appointment, the prosecutors went after buymeds.com and seized what appear to be profits stored away in various bank accounts and certificates of deposit....4.6 Million Dollars in profits from selling prescription medications online; 95% of which were controlled meds.
This is nothing new, as a few other states such as Kentucky and Florida have taken measures against the online pharmacy industry. Countless numbers of offshore pharmacies have tried to sell and export generic versions of prescription drugs into the U.S. regardless of state, but that seems to be in the process of elimination also.
Anyway, one of the platforms used by the prosecutors in this Iowa case is a frightening proposition. They suggest that the U.S. government involve itself by force of law in such a way that it receives profit from every sale of a controlled medication!
Who is the U.S government REALLY fighting for? All this time it was supposed to be about protecting online pharmacy customers from themselves and lately from impurely manufactured prescriptions. However, could we see some more action based on the greed of the government?
Because it is so easily scalable and can reach billions of people if marketed correctly, online business is not on its way out; and the online pharmacy industry has yielded profits next to none but those of the online casinos!
It was only a matter of time before the U.S. government found a way to make money off of online pharmacies! I guess it's almost fair play, except for the force of law issue.
Anyway, please let me know what you think! I'd like to start getting some comments.
I predict the death of this industry as non-government by the second half of 2006!
posted by Ian at 2:06 AM
<< Home