U.S.-China Dispute Reaches Pharmaceutical Industry: Global Conflict Could Cause Drug Prices to Surge, Doubling Costs in Brazil and Impacting Millions Worldwide!

Written by Valdemar Medeiros

Published on 09/11/2024 at 09:20

Foto: Dall-e

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The Dispute Between The US And China Intensifies And Reaches The Pharmaceutical Industry, With Companies Breaking Strategic Partnerships. This Conflict May Directly Impact Consumers, Leading To An Increase In Drug Prices And Affecting The Global Supply Chain.

Dispute Between The US And China: US Pharmaceutical And Biotechnology Companies Have Come To Rely On Chinese Partners For Production, Research, And Ingredients. Now, With Increasing Geopolitical Tensions, Some Are Looking For Alternatives, Leading To Higher Drug Prices In The US And China.

Understand The Dispute Between The US And China In The Pharmaceutical Industry

From Major Pharmaceutical Companies Like AstraZeneca To Smaller Biotechnology Firms Like Amicus Therapeutics From New Jersey, Which Is Seeking A Non-Chinese Partnership For The Supply Of Raw Materials For Its Rare Disease Treatment, Companies Say It’s Time To Reduce The Risk Of China.

Industry Officials State That One Consequence Of The US-China Dispute Is The Delay In Drug Launches And Increased Drug Prices In The US, As The Transition Requires Time And Money.

ARTICLE CONTINUES BELOW

New Law For The US And China Pharmaceutical Industry

An Incentive That Could Impact The Rise In Drug Prices Is The Biosafety Law, Which Was Passed In The House In September With Overwhelming Bipartisan Support. The Legislation Prevents Companies Receiving Government Funds Or Contracts From Doing Business With A List Of Problematic Chinese Companies.

The Biggest Names On The List Are WuXi AppTec And WuXi Biologics, Two Chinese Affiliate Companies That Thousands Of Clients Worldwide Have Turned To For Research And Manufacturing.

WuXi AppTec Stated In May That The Inclusion Of Its Name In The Bill Is “A Preventive And Unjustified Designation, Without Due Process.”

Both It And WuXi Biologics Have Claimed They Do Not Pose A Security Risk To The US Or Any Other Country. The Prospects For The Biosafety Law In The Senate Are Uncertain This Year, And The Current Version Gives Companies Until 2032 To Cut Ties With Chinese Firms.

The US And China Can Still Maintain Relations

Even With The Possible Increase In Drug Prices, The Changes Do Not Mean A Complete Break In Industrial Ties Between China And The West. American And European Pharmas Still Want To Sell Their Products In China, The Second-Largest Drug Market After The US And A Country With A Rapidly Aging Population.

Chinese Biotechnology Companies Have Signed Billions Of Dollars In Licensing Deals Aiming To Bring Local Drugs To The World.

The Biggest Impact Is On The Drug Supply Chains. One Example Of An American Company That Cut Its Ties With China Is Vir Biotechnology, Based In San Francisco, Which Develops Antiviral And Cancer Treatments.

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U.S.-China Dispute Reaches Pharmaceutical Industry: Global Conflict Could Cause Drug Prices to Surge, Doubling Costs in Brazil and Impacting Millions Worldwide!

The Dispute Between The US And China Intensifies And Reaches The Pharmaceutical Industry, With Companies Breaking Strategic Partnerships. This Conflict May Directly Impact Consumers, Leading To An Increase In Drug Prices And Affecting The Global Supply Chain.

Understand The Dispute Between The US And China In The Pharmaceutical Industry

New Law For The US And China Pharmaceutical Industry

The US And China Can Still Maintain Relations

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U.S.-China Dispute Reaches Pharmaceutical Industry: Global Conflict Could Cause Drug Prices to Surge, Doubling Costs in Brazil and Impacting Millions Worldwide!

The Dispute Between The US And China Intensifies And Reaches The Pharmaceutical Industry, With Companies Breaking Strategic Partnerships. This Conflict May Directly Impact Consumers, Leading To An Increase In Drug Prices And Affecting The Global Supply Chain.

Understand The Dispute Between The US And China In The Pharmaceutical Industry

New Law For The US And China Pharmaceutical Industry

The US And China Can Still Maintain Relations

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

BRICS is preparing a payment system inspired by the Brazilian PIX that will allow direct transactions between countries using national digital currencies without relying on the dollar or Western banks as intermediaries.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

On the coast of China, fishermen received an official reward after finding 10 foreign underwater devices capable of “stealing secrets” in just two years, showing that the silent war for the seabed has already reached the nets of those who rely on fishing.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

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