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parallel importing

British  

noun

  1. the importing of certain goods, esp pharmaceutical drugs, by dealers who undersell local manufacturers

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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Gore, shaken by the ferocity of the attacks, shifted course and said he supported compulsory licensing and parallel importing, "so long as they are done in a way consistent with international agreements."

From Time Magazine Archive

Another tactic: parallel importing, or buying in a country where the needed drugs are cheaper, circumventing artificially high prices set by the patent holders for some areas.

From Time Magazine Archive

South Africa passed a law last year that gives the Ministry of Health discretion to authorize parallel importing and compulsory licensing in critical situations.

From Time Magazine Archive

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