425 U.S. 748 (1976)
The case of Virginia State Board of Pharmacy v. Virginia Citizens Consumer Council, Inc.
Does a state statute prohibiting pharmacists from advertising prescription drug prices violate the First Amendment rights to free speech and free flow of information?
The First Amendment, as applied to the states through the Fourteenth Amendment, protects the flow of commercial speech, except in instances where the state can show a substantial interest in regulating such speech and that the regulation directly advances that interest and is narrowly tailored.
The Supreme Court held that the Virginia statute prohibiting advertising of prescription drug prices violates the First Amendment because it restricts the free flow of commercial information to consumers.
This case is significant because it established the principle that commercial speech, while not afforded the same level of protection as other types of speech, is nonetheless protected under the First Amendment. It laid the groundwork for subsequent cases that elaborated on the nature and extent of commercial speech protection. For law students, understanding this case is crucial as it introduces the balancing test employed by courts when determining the permissibility of restrictions on commercial speech.