True or False: The Board of Pharmacy can regulate the prices and terms of sale of prescription drugs by distributors.

The statement is false because the Board of Pharmacy does not have the authority to regulate prices or terms of sale for prescription drugs by distributors. In South Dakota, as in many other states, the regulation of prescription drug pricing typically falls outside the jurisdiction of the Board of Pharmacy. The Board primarily focuses on ensuring the safe and effective distribution and use of pharmaceuticals through licensing and oversight, rather than setting or controlling pricing mechanisms.

While state and federal laws may allow for some oversight in terms of accessibility or quality standards, the establishment of pricing structures is generally influenced by market conditions, healthcare policies, and negotiations between manufacturers, wholesalers, and retailers. Thus, this reinforces the importance of understanding the limitations of the Board of Pharmacy's regulatory role in the broader context of pharmaceutical economics and distribution.