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America’s reliance on China for drug components has raised alarm bells in Congress. Home committees will maintain two hearings Tuesday on drug shortages and the US Meals and Drug Administration’s overseas inspection program, which has seen a big drop in visits to Chinese language factories over the previous few years, due largely to the Covid pandemic.
The report put collectively forward of the hearings by the Coalition for a Affluent America, a commerce group pushing for tax breaks for home manufacturing, confirmed India-based Aurobindo Pharma Ltd. will get about 55% of its uncooked supplies for components from China. Aurobindo is a bellwether for the trade: It provides probably the most generic medication by quantity to the US, and its $3.1 billion in 2023 income was second-highest amongst Indian drugmakers, in keeping with knowledge compiled by Bloomberg. The corporate’s 2022-2023 annual report mentioned it has “a excessive dependence on the China market” for supplies and components used to make medication.
“We did suspect that they had ties to China, we simply did not understand how a lot,” mentioned Nick Iacovella, a spokesman for the coalition. “That is actually a purple flag.”
President Joe Biden’s administration has centered its efforts on deepening its collaboration with India, the place US relations are good compared with China. As tensions with the Asian superpower develop, so do considerations over how the US and the remainder of the world depend on the nation for a lot of prescribed drugs, significantly the important thing components used to make medication.
Safety Risk
US navy officers have gone as far as to name vulnerabilities within the drug provide chain a nationwide safety menace, and the Protection Division has begun an effort to check generic medication for security and effectiveness.
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