The article below was published in the Washington Times yesterday.
It's a great time to own a pharmaceutical manufacturing plant in mainland USA. Let's hope MYX is getting an increase in orders for orders to contract manufacture.
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America's dependency on China for drugs is a major national security issue
Procuring medications from strategic adversaries invites peril
By Tom Jurkowsky - - Sunday, August 16, 2020
ANALYSIS/OPINION:
Our nation has a serious problem when it comes to pharmaceuticals and prescription generic drugs. The problem is we are dependent on them from our most powerful adversary — China. This problem must be urgently addressed because it threatens the health of our citizens and represents a threat to our national security.
Pharmaceutical products made in China include antibiotics such as amoxicillin and tetracycline; high blood pressure medications such as valsartan; the anti-blood clotting heparin; anti-depressants; HIV/AIDS medications; birth control pills; chemotherapy treatments; and medications for Alzheimer’s, diabetes, epilepsy and Parkinson’s disease.
In testimony before the Senate Committee on Small Business and Entrepreneurship earlier this year, Rosemary Gibson testified that the United States faces an existential threat from China and its control over the global supply of ingredients in thousands of essential generic medicines.
Ms. Gibson is a senior adviser at the Hastings Center and author of the book “China Rx: Exposing the Risks of America’s Dependence on China for Medicine.” The Hastings Center addresses social and ethical issues in health care, science and technology.
In her testimony, Ms. Gibson said that 90% of the medicines used in the United States in hospital intensive care units, emergency rooms and ambulances and sold in big box stores and drug stores are generic. Thousands of them are made with chemical compounds and ingredients from China.
Ms. Gibson testified that 90% of the chemical ingredients for generics in the United States to care for people with serious coronavirus infections and who are hospitalized are sourced from China.
The Military Officers Association of America (MOAA), a military support organization that advocates for a strong national defense, is one of the few organizations that have taken a position on our reliance on foreign countries for pharmaceuticals — urging the Department of Defense and Department of Veterans Affairs to ensure the pharmaceutical sector of our national industrial base does not force us to procure medications from strategic adversaries. The MOAA believes that our dependency on China is a threat to our national security, along with the threat to our civilian population.
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The article below was published in the Washington Times...
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