'We Can't Rely on Foreign Sources'Brennan, Comey, and Clapper may not agree.
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| Economy |
| 'We can't rely on foreign sources': Trump administration awards US generics producer $354M contract |
| 2020-05-20 |
| [Washington Examiner] The Trump administration announced a $354 million drug contract with a generic medicine manufacturing company providing "immediate U.S.-based capacity" to produce pharmaceutical ingredients and expand advanced manufacturing capacity, reducing reliance on overseas supply chains. Phlow Corporation will lead the effort, the U.S. Department of Health and Human Services said in a statement. The Virginia-based company is also planning a new manufacturing facility in-state. "This is a national security issue," Hastings Center health expert and Phlow board member Rosemary Gibson said in an interview with the Washington Examiner. "Medicines are our defensive weapons in biowarfare. We can't rely on foreign sources." She added: "To not act is to make the U.S. defenseless." Active pharmaceutical ingredients and precursor chemicals for crucial drugs are typically manufactured overseas, often in India or China, leaving the U.S. supply chain exposed during events that lead to drug shortages. |
| Posted by:Besoeker |
| #9 I certainly do not begrudge Buffet's wealth, but he is a crony capitalist par excellence. |
| Posted by: Clem 2020-05-20 17:25 |
| #8 ^ Gates and his newfound pal Warren Buffett focus their investment strategy on gaming / leveraging massive government interventions in the economy. E.g. investing in rail freight companies when Zero bolloxed up the pipeline during the fracking boom. Looks like Buffett screwed up his airlines investments though ... maybe he's not so brilliant after all |
| Posted by: Lex 2020-05-20 16:21 |
| #7 Bill Gates bought his way in. If Mr. Gates has a stake in the success of the Trump presidency, whereas a Democratic replacement would wipe out this investment, is that likely to impact his behaviour in word and deed? |
| Posted by: trailing wife 2020-05-20 16:14 |
| #6 Bill Gates bought his way in. New Richmond pharma startup aims to shore up U.S. generic drug supply VCU Engineering’s Medicines for All awarded $25 million to increase access to lifesaving medications |
| Posted by: Skidmark 2020-05-20 12:37 |
| #5 Phlow Corporation |
| Posted by: Skidmark 2020-05-20 12:28 |
| #4 Been saying that for years |
| Posted by: Deacon Blues 2020-05-20 12:21 |
| #3 Make sure the raw materials to make said drugs also comes from domestic or friendly countries. Most of them now are also made in China. |
| Posted by: DarthVader 2020-05-20 10:29 |
| #2 Keep an eye on future prices of said pharmaceutical ingredients...just sayin'. |
| Posted by: Clem 2020-05-20 06:39 |
| #1 'We Can't Rely on Foreign Sources' Brennan, Comey, and Clapper may not agree. |
| Posted by: Besoeker 2020-05-20 05:50 |