5 ms·
This sort of rhetoric might work, but it doesn't in the face of Indian manufacturers who can easily be certified who will produce it for $1 and ship it to you t
by devoply 9y ago
This sort of rhetoric might work, but it doesn't in the face of Indian manufacturers who can easily be certified who will produce it for $1 and ship it to you the next day for $1 more. It's simply regulatory capture and a way of printing free money for people who already have money so they can rob the masses who don't. It's a scam, and it's stupid that we fall for it. The rich do get richer, and not for any other reason then they have money to affect regulatory capture. Generics should be nearly free. There is no reason for anyone to be making such large sized gains on generics.
- rayiner 9y agoWhat's stopping generics from being "nearly free" in the U.S.? Why do we need to import them from India?
- chimeracoder 9y ago> What's stopping generics from being "nearly free" in the U.S.? Why do we need to import them from India? Pay-to-delay is a big one. https://www.ftc.gov/news-events/media-resources/mergers-competition/pay-delay https://www.ftc.gov/news-events/media-resources/mergers-comp...
- refurb 9y agoThis is why we don't want to import drugs from India: Thakur knew the drugs weren’t good. They had high impurities, degraded easily, and would be useless at best in hot, humid conditions. They would be taken by the world’s poorest patients in sub-Saharan Africa, who had almost no medical infrastructure and no recourse for complaints. The injustice made him livid. Ranbaxy executives didn’t care, says Kathy Spreen, and made little effort to conceal it. In a conference call with a dozen company executives, one brushed aside her fears about the quality of the AIDS medicine Ranbaxy was supplying for Africa. “Who cares?” he said, according to Spreen. “It’s just blacks dying.”[1] [1]http://blogs.sciencemag.org/pipeline/archives/2013/05/17/a_little_ranbaxy_example http://blogs.sciencemag.org/pipeline/archives/2013/05/17/a_l...
- HarryHirsch 9y agoThis link has some pretty hair-raisers: http://chemjobber.blogspot.com/search/label/warning%20letter%20of%20the%20week http://chemjobber.blogspot.com/search/label/warning%20letter... Everyone loves to hate on the FDA until there's a compounding pharmacy that really messes up. A couple of years ago there was one that distributed some medication for injection that had a fungal contaminant, and there were several dozens of fatalities. You'd ask yourself what would happen without adult supervision. This is the full story: https://en.wikipedia.org/wiki/New_England_Compounding_Center_meningitis_outbreak https://en.wikipedia.org/wiki/New_England_Compounding_Center...
- _jal 9y agoAnd yet somehow the US imports mind-boggling quantities of other things we put in our bodies at safety standards that appear to generate no controversy whatsoever.
- cmdrfred 9y agoThat's why you don't want to import from India. I do personally for my medications. I'm willing to risk it for drastically lower costs.
- devoply 9y agoOne company is one company. There is no reason to think that India can not produce drugs up to par with the right financial and oversight incentive.
- lenkite 9y agoRanbaxy has been banned by the FDA for one thing or another for a long time now. Please use FDA approved Indian manufacturers. There are several dozens of them.