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They also are claiming that it was the US that released it and that we should all be thanking china for their handling of the situation, I wouldn't put it past them, they actually did something similar along time ago imvolving rare earth metals.
originally posted by: Sookiechacha
a reply to: The2Billies
I can't find the article that FOX NEWS claims to source and document China's threat to stop sending medications to the USA. www.xinhuanet.com...
Can you?
Now, doctors are doing trials on "remdesivir" as a therapy for COVID 19, but it is a product owned and patented by Gilead, a US pharmaceutical company.
originally posted by: seeker1963
a reply to: BlueJacket
It's easy to hate China, but where does the blame really lie?
The blame should rest firmly on the Chinese where it belongs, and not on any, and I mean any US citizen.
According to a report by Beijing Cons Bio-Tech Development Company, a China-based pharmaceutical consultancy and the publisher of China Medipharm Insights, 18 of the top 20 global pharmaceutical giants have established manufacturing plants in China, including Novartis, Glaxo Wellcome, Merck & Co, Hoechst Marion Roussel, Bristol-Myers Squibb, Johnson & Johnson, Pfizer, SmithKline Beecham, Hoffmann-La Roche, Bayer, Astra, Eli Lilly, Rhone-Poulenc, Schering-Plough, Pharmacia & Upjohn, Boehringer Ingelheim, Takeda Chemical and Warner-Lambert.
The only thing that would get them to move their operations back is their industry being highly regulated in that aspect. And you aren’t exactly in the political party that regulates industry.
originally posted by: underwerks
a reply to: The2Billies
The blame should rest firmly on the Chinese where it belongs, and not on any, and I mean any US citizen.
Nope, because it isn’t the Chinese who are manufacturing these life saving drugs. What you’re leaving out either intentionally or by accident is that the manufacturers of many of these drugs are American companies who built factories in China because of low labor costs.
According to a report by Beijing Cons Bio-Tech Development Company, a China-based pharmaceutical consultancy and the publisher of China Medipharm Insights, 18 of the top 20 global pharmaceutical giants have established manufacturing plants in China, including Novartis, Glaxo Wellcome, Merck & Co, Hoechst Marion Roussel, Bristol-Myers Squibb, Johnson & Johnson, Pfizer, SmithKline Beecham, Hoffmann-La Roche, Bayer, Astra, Eli Lilly, Rhone-Poulenc, Schering-Plough, Pharmacia & Upjohn, Boehringer Ingelheim, Takeda Chemical and Warner-Lambert.
Link
The only thing that would get them to move their operations back is their industry being highly regulated in that aspect. And you aren’t exactly in the political party that regulates industry.
Gilead Sciences Shanghai Pharmaceutical Technology Co., Ltd.
Floor 31, Building 1,
Century Link Office Building,
No. 1198 Century Ave, Pudong New Area,
Shanghai 200135, China
Trump hurt them bad, perhaps this is there counterpunch?
originally posted by: TritonTaranis
This all looks increasing like a deepstate chicom plot IMO
originally posted by: Edumakated
originally posted by: underwerks
a reply to: The2Billies
The blame should rest firmly on the Chinese where it belongs, and not on any, and I mean any US citizen.
Nope, because it isn’t the Chinese who are manufacturing these life saving drugs. What you’re leaving out either intentionally or by accident is that the manufacturers of many of these drugs are American companies who built factories in China because of low labor costs.
According to a report by Beijing Cons Bio-Tech Development Company, a China-based pharmaceutical consultancy and the publisher of China Medipharm Insights, 18 of the top 20 global pharmaceutical giants have established manufacturing plants in China, including Novartis, Glaxo Wellcome, Merck & Co, Hoechst Marion Roussel, Bristol-Myers Squibb, Johnson & Johnson, Pfizer, SmithKline Beecham, Hoffmann-La Roche, Bayer, Astra, Eli Lilly, Rhone-Poulenc, Schering-Plough, Pharmacia & Upjohn, Boehringer Ingelheim, Takeda Chemical and Warner-Lambert.
Link
The only thing that would get them to move their operations back is their industry being highly regulated in that aspect. And you aren’t exactly in the political party that regulates industry.
You have to make the other costs of doing business in the US cheaper than the cost of labor in China.
US workers will never be as cheap as Chinese workers. However, we can make the regulatory environment more streamlined. We can lower taxes. Reduce union power. There are plenty of things we can do so that a company doesn't feel the only way the can remain competitive is to move jobs overseas.
It isn't just corporate greed. Consumers also have a say in the matter. At the end of the day, people vote with their wallets. If consumers won't pay higher prices for "made in America" then they have no one to blame but themselve.
originally posted by: Middleoftheroad
a reply to: underwerks
Well, I was trying to have a serious conversation with you, but I guess not.
The United States is exceptional in that it does not regulate or negotiate the prices of new prescription drugs when they come onto market. ... Lowering drug profits would make pharmaceuticals a less desirable industry for investors. And less investment in drugs would mean less research toward new and innovative cures.
originally posted by: Waterglass
a reply to: The2Billies
Anyone notice that CNN seems to march in lock stop with China. Its funny as money does buy everything.
originally posted by: Arnie123
Trump hurt them bad, perhaps this is there counterpunch?
originally posted by: TritonTaranis
This all looks increasing like a deepstate chicom plot IMO
China is threatening to stop sending all drugs to the US.
originally posted by: Middleoftheroad
a reply to: underwerks
Isn't the money in research and development though, which the American consumer already pays for?
The United States is exceptional in that it does not regulate or negotiate the prices of new prescription drugs when they come onto market. ... Lowering drug profits would make pharmaceuticals a less desirable industry for investors. And less investment in drugs would mean less research toward new and innovative cures.
Link
originally posted by: underwerks
originally posted by: Edumakated
originally posted by: underwerks
a reply to: The2Billies
The blame should rest firmly on the Chinese where it belongs, and not on any, and I mean any US citizen.
Nope, because it isn’t the Chinese who are manufacturing these life saving drugs. What you’re leaving out either intentionally or by accident is that the manufacturers of many of these drugs are American companies who built factories in China because of low labor costs.
According to a report by Beijing Cons Bio-Tech Development Company, a China-based pharmaceutical consultancy and the publisher of China Medipharm Insights, 18 of the top 20 global pharmaceutical giants have established manufacturing plants in China, including Novartis, Glaxo Wellcome, Merck & Co, Hoechst Marion Roussel, Bristol-Myers Squibb, Johnson & Johnson, Pfizer, SmithKline Beecham, Hoffmann-La Roche, Bayer, Astra, Eli Lilly, Rhone-Poulenc, Schering-Plough, Pharmacia & Upjohn, Boehringer Ingelheim, Takeda Chemical and Warner-Lambert.
Link
The only thing that would get them to move their operations back is their industry being highly regulated in that aspect. And you aren’t exactly in the political party that regulates industry.
You have to make the other costs of doing business in the US cheaper than the cost of labor in China.
US workers will never be as cheap as Chinese workers. However, we can make the regulatory environment more streamlined. We can lower taxes. Reduce union power. There are plenty of things we can do so that a company doesn't feel the only way the can remain competitive is to move jobs overseas.
It isn't just corporate greed. Consumers also have a say in the matter. At the end of the day, people vote with their wallets. If consumers won't pay higher prices for "made in America" then they have no one to blame but themselve.
It isn’t possible to make the costs of doing business cheaper in America versus China. You can give these big pharmaceutical companies tax breaks, but the only thing that will do is funnel that money straight into their pockets, as is tradition.
Are you really just expecting Americans, who pay the most for drugs and healthcare in the entire developed world to pay even more so these big companies can move their operations here and pocket more of their money?