Finance

CANARX Executive Arrested by Federal Authorities Over Drug Import Scheme

CNBC · 12h ago · 1 views
CANARX Executive Arrested by Federal Authorities Over Drug Import Scheme

U.S. authorities have arrested an executive of the Canadian healthcare company CANARX and are seeking another amid charges of illegally importing prescription drugs.

Federal authorities filed court records accusing two top officials of the Canadian company CANARX of running a scheme to illegally import prescription drugs into the United States. John Thomas Howard, the company's treasurer and a director, was arrested on smuggling and conspiracy charges. His brother and company president, Bob Howard, is also wanted in the ongoing federal investigation. The charges stem from allegations that CANARX operated an unauthorized supply chain, obtaining medications from overseas and shipping them directly to U.S. patients. Federal agencies maintain that this practice is illegal and creates safety risks, pointing to previous FDA warnings and seizures involving potentially misbranded or counterfeit medications. Company representatives have stated that the executives deny all charges and plan to defend themselves in court.
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