When you pick up your prescription at the pharmacy, it isn’t labelled “made in China,” but odds are that’s where many of your medications come from.
U.S. Dependence on Pharmaceutical Products from China
Last month, the U.S.-China Economic and Security Review Commission held a hearing on the United States’ growing reliance on China’s pharmaceutical products. The topic reminded me of a spirited discussion described in Bob Woodward’s book, Fear: Trump in the White House.
Pentagon Sees Security Threat in China’s Drug-supply Dominance
China has become the world’s largest supplier of active pharmaceutical ingredients, or API, providing key components to drugmakers worldwide. But a yearlong recall of tainted heart drugs taken by millions of Americans is prompting U.S. national security officials to ask whether China’s growing role in the pharmaceutical supply chain could pose a threat to the health of military personnel.
At $2 Million, New Novartis Drug Is Priciest Ever
The world’s most expensive medicine is about to hit the market. A one-time treatment for a devastating infant muscle-wasting disease won approval from the U.S. Food and Drug Administration Friday. Its maker Novartis AG NVS +3.83% says the gene therapy will cost $2.125 million.