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

Should President Trump fire Dr. Anthony Fauci?

CAST YOUR VOTE

GET PUSH NOTIFICATIONS

SUBSCRIBE

LATEST AP HEADLINES

SpaceX capsule and NASA crew make 1st splashdown in 45 years
Marines halt search for 8 missing troops, all presumed dead
Isaias strengthens slightly as it crawls up Florida coast
Survivors of slain Ohio-based Marines mark grim anniversary
Portland police declare unlawful assembly during protest

LATEST FROM THE WEB

WATCH: The truth about crime, race, and policing in America
Black Lives Matter narrative gets destroyed in less than 40 minutes
What Obama did at John Lewis’ funeral was unconscionable
Fauci attacks church choirs, implies worship is less important than protests
As they turn to burning Bibles, Portland rioters show their true colors

CARTOON OF THE DAY

Cartoon of the Day
NEXT STORY
Fortune 500 company ignores request to break ties with SPLC

AmazonSmile logoAmazon is being called out for its connection with the Southern Poverty Law Center, which has been widely discredited for falsely labeling several conservative and faith-based groups as "hate" groups.