[Inside China Business] In the US, chronic drug shortages are the business model
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The United States has a decades-long problem of shortages for affordable medicines that treat serious diseases, including cancer and diabetes. But hundreds of plants in China and India are ready to supply low-cost drugs to the American market, just as they do for hospitals across Asia and the world.
Drug companies, hospitals, and clinics in the US are highly incentivized to run shortages of the least expensive medicines, as patients have no choice but to switch to more costly treatments. And regulators and inspectors for the Food and Drug Administration are highly recruited by drug companies, which reduces how many inspectors are available, and how many foreign plants can be inspected and approved. The FDA is currently short of hundreds of plant inspectors, most acutely so in Asia, which is where all the low-cost drugs are made.
Resources and links:
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Closing scene, Shenzhen River, Guangdong province
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