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India pharma quality lapses force U.S. to look to China for vital drugs
(asia.nikkei.com)
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this post was submitted on 23 Mar 2024
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Couldn't USA invest in the capability of producing those drugs locally?
Something something capitalism I'm guessing
That would require an entire supply chain that also no longer exists in the US
In theory yes, and in practice the US is planning on producing certain critical drugs locally, but most drugs will probably continue to be produced in India and China due to cost.
it makes perfect sense that one of the wealthiest countries, depends on poorer ones to produce their pharmaceuticals because of 'costs'. Seems legit.
And still charge insanely high prices. A side note: a local used to work at a now-closed child medicine manufacturing facility. His behavior became so volatile, everyone blamed it on that, but also he was in late adolescence under extreme conditions of despair.
The country isn't wealthy, but some individuals are and fantastically so. They won't manufacture this stuff at home because it'd mean pharma execs couldn't afford as many yachts
Well somebody ought to tell them that they should maybe put that +1000% margin they make on their drugs into that rather than lining their pockets.
God forbid the executives make a little less money - won't somebody think of those poor multi-millionaires! /s
Due to ~~cost~~ profit margins and shareholder returns.
Fixed that for you.
This is a very valid question. They should be produced locally.