InnovationRx: Legislation Could Prevent Pharma Companies From Working With Chinese Contractors

in the United States, the highest number the organization has seen since it began recording drug shortages in 2001. These include chemotherapies, ADHD medications, oxytocin and more. And the threat of shortages has a chance to be exacerbated further, at least in the short term, due to pendinglike WuXi AppTec, WuXi Biologics and MGI Tech.

Defenders of the bill say that this will ultimately improve competition – and decrease reliance on China. “We have seen this play before with Huawei and America’s telecoms sector. This bipartisan and bicameral bill will ensure U.S. taxpayer funds do not advance efforts by BGI and other -backed companies to put Americans at long-term risk,” bill cosponsor Senator

So far it’s not clear whether the bill will pass this year, and what the ultimate legislation will look like. But given that pharmaceutical supply chains are complicated and involve years-long contracts ,it would support the legislation last month after initially opposing it, as the group walks the tightrope between trying to allay shortages but also support American manufacturing.

As demand for the drugs soars, so does the need for those devices. That growth has now minted a new billionaire: Roger Samuelsson, the 60-year-old Swedish cofounder of Switzerland-based SHL Medical, one of the world’s largest manufacturers of autoinjectors. Forbes estimates he’s worth $3 billion, largely thanks to his 69% stake in the company he cofounded in 1989.from the phase III trial of its relapsing, remitting MS treatment ocrelizumab as a subcutaneous injection.

Source: News Formal (newsformal.com)

Base Editing Crispr Beam Therapeutics Vertex Fda Abortion Organ Transplant

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