have an “unfair competitive advantage because of their lack of regulatory environment” and other countries like Ireland have tax incentives in place “designed to pull pharmaceutical manufacturing offshore and into their boarders.
Only 28 percent of manufacturing facilities making drug ingredients for the U.S. are based in the country, FDA drug chief Janet Woodcock testified to Congress last October. China is home to 13 percent of those facilities, she said., did not immediately comment on the order, which hasn't been released yet.
Other planks of the order aim to cut EPA and FDA regulation to speed development of domestic advance manufacturing for products needed for rapid response to pandemic and chemical, biological, radiological and nuclear defense threats. Navarro argued the efforts to speed FDA approval or clearance will not cut corners that could jeopardize safety, saying “we simply want a more rational and streamlined regulatory process.
It also comes one week after Trump said the federal government will issue Eastman Kodak a $765 million loan to manufacture drug ingredients. Details about how the company obtained the government’s support have come
That should be a gold mine for the companies, since the U.S. firms will charge a premium for their products...like insulin...
LMAO....Trump helping America and Americans because most of our drugs manufactured in China. But Democrats got a better plan....send our manufacturing jobs overseas like they have done the past twenty years. Whine and cry do nothing Democrats do nothing but complain.
This just made American Big Pharma very happy $$$$$$$$$$$$
At this point, is he just making up stuff?
So, will federal agencies be instructed not just to buy drugs and medical supplies *in preference to* those “from overseas companies”, but “rather than”? Should we expect bottlenecks, delays and shortages
Won’t this only increase the cost of medications and thus the cost of Medicare? I still don’t understand why HHS can’t negotiate lower drug prices for Medicare. Who made that ignorant rule
Keep on trucking . . .
Donny what is his latest total ? From 10/13/17
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