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.
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
Couldn’t USA invest in the capability of producing those drugs locally?
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.
Due to
costprofit margins and shareholder returns.Fixed that for you.
one of the most wealthy countries need to make their own pharmaceuticals ‘due to cost’. seems reasonable.
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
Something something capitalism I’m guessing
This is a very valid question. They should be produced locally.
That would require an entire supply chain that also no longer exists in the US