I don't know if this is true or not, but it seems to me we're not far away from being third world.
I’m in the industry and yes, we’re experiencing some major shortages but they are mainly in the form of injectible drugs and for the most part are older drugs - in some cases, grandfathered products. This means that while most are safe and work just fine, they never underwent the clinical trials that are now the norm. Never mind the reams upon reams of data that support they are ok. FDA is clamping down on these drugs and forcing companies to perform clincals. It’s just not cost effective. For a generic company with tons of competition it can easily run a few million dollars for these trials. Most generic companies don’t have the sales to support that kind of investment.
Also - many chemical companies are opting not to manufacture certain active ingredients. For a drug company that means finding and qualifying a new source. That can take months and I can tell you from experience, these chemical companies have dramatically increased pricing over the past few years. So again, a generic company needs to look at the financial models. For every sale to a drug wholesaler, we pay them BACK about $0.50 on the dollar for required programs, rebates, etc. The fact is, you pay more for a box of Altoids than a generic Rx company is allowed to sell a drug for to a retailer. More and more of us simply cannot afford to manufacture what we could in the past. The whole system is broke and there is no way requiring a manufacturer to give 6 months notice will work. Things are too dynamic with raw material supply and logistics especially as Custom’s holds our deliveries longer and longer.
Obama has to get us ready for Obamacare. If he can kill off enough of the population, and blame congress, that jobless number is bound to go down. I believe he’s that evil. Commanding the FDA to make it so will do precisely d*** to solve the problem.
“I don’t know if this is true or not, but it seems to me we’re not far away from being third world.”
You know, it wasn’t too long ago when I read the Soviet Union described as “a third-world country with nuclear weapons”...it’s not so funny now.
Soon there will be only one world, a world in rapid decline unless sanity can be restored somehow.