U.S. counters China's threat with generic drug plan

Wednesday, May 20, 2020
 | 
Chris Woodward (OneNewsNow.com)

prescription drug costsResponding to China and its veiled threats to cut off drug supplies, the Trump administration has announced a contract with a U.S. company to build a national stockpile of drug ingredients. 

Richmond, Virginia-based Phlow Corp. will manufacture generic medicines and pharmaceutical ingredients currently being made in China and India.

Like millions of other China-made products exported to the U.S., China currently dominates pharmaceutical manufacturing for everything from ibuprofen to penicillin. As much as 80 percent of vital antibiotics come from China, for example, as well as key ingredients that make other countries dependent on the communist-led country. 

Bovard

Meanwhile, some GOP lawmakers have expressed outrage at China for its lies and deceit surrounding the coronavirus pandemic only to witness China's leaders brazenly remind the U.S. who controls the vital drug supply. 

Such a threat didn't go unnoticed in the White House and on Capitol Hill, where China relies on Wall Street and U.S. manufacturers to lobby those same politicians on its behalf.

Rachel Bovard of the Conservative Partnership Institute says the Phlow Corp. announcement is significant since it means the U.S. is taking steps to build a “strong domestic capacity” to produce pharmaceuticals on U.S. property during a crisis.

China Shipping Line (Chinese goods)She likens that plan of action to the U.S. strategic petroleum reserve, which exists to help protect the U.S. from threats to oil supplies. 

Phlow Corp. signed a $354 million contract with the Trump administration this week to make key ingredients used for sedation, pain management, controlling blood pressure, and for antibiotics, NBC News reported.

Peter Navarro, the White House trade advisor, called the contract a "historic turning point" in President Trump's plan to bring pharmaceutical manufacturing and supply chains back to the U.S. 

“This will take years to develop,” Bovard says of the manufacturing contract, “but it’s a significant step…”

Comments

We moderate all reader comments, usually within 24 hours of posting (longer on weekends). Please limit your comment to 300 words or less and ensure it addresses the article - NOT another reader's comments. Comments that contain a link (URL), an inordinate number of words in ALL CAPS, rude remarks directed at other readers, or profanity/vulgarity will not be approved. More details

FEATURED PODCAST

SIGN UP FOR OUR DAILY NEWSBRIEF

SUBSCRIBE

VOTE IN OUR POLL

Do you agree the virus pandemic has impacted our constitutional rights?

CAST YOUR VOTE

GET PUSH NOTIFICATIONS

SUBSCRIBE

LATEST AP HEADLINES

Memorial Day weekend draws crowds and triggers warnings
Slowly, surely, US houses of worship emerge from lockdown
White House imposes coronavirus travel ban on Brazil
Israel’s Netanyahu attacks justice system as trial begins
Desperate Indian girl bikes 745 miles home with disabled dad
Hong Kong police fire tear gas, water cannon at protesters
Taliban, Ghani declare three-day cease fire for Eid holiday

LATEST FROM THE WEB

Sen. Rick Scott: Bill of Rights allows Americans to worship at church service, no matter what gov't leaders say
Will Trump order sanctions on China's president for Hong Kong crackdown?
Beto O’Rourke mocks Texas governor’s reopening message – then hears back from Crenshaw, Cruz
Opinion — Newt Gingrich: On Memorial Day, we have a duty to honor Americans who died defending our country
Trump to attend Wednesday's NASA astronaut launch in Florida

CARTOON OF THE DAY

Cartoon of the Day
NEXT STORY
Powerful corp. couldn't stop vote on SPLC donation

SPLC logoThe nation’s most wealthy bank was challenged over its support of the Southern Poverty Law Center and forced to address the issue in front of investors.