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Cutting America’s Dependence on China for Medicines

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Manage episode 265717264 series 2394535
Content provided by The Rich Dad Company and The Rich Dad Media Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Rich Dad Company and The Rich Dad Media Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
When the coronavirus pandemic struck in the United States, the FDA was forced to closely monitor the medical product supply chain, including disruptions to supply or shortages of critical medical products in the U.S. because many of the components for those in-demand products are manufactured in China.
In a statement in February 2020, the FDA said, “Since January 24, the FDA has been in touch with more than 180 manufacturers of human drugs, not only to remind them of applicable legal requirements for notifying the FDA of any anticipated supply disruptions but also asking them to evaluate their entire supply chain, including active pharmaceutical ingredients (the main ingredient in the drug and part that produces the intended effects, e.g., acetaminophen) and other components manufactured in China.
Also, as part of our efforts, the FDA has identified about 20 other drugs, which solely source their active pharmaceutical ingredients or finished drug products from China. We have been in contact with those firms to assess whether they face any drug shortage risks due to the outbreak. None of these firms have reported any shortage to date. Also, these drugs are considered non-critical drugs.”
In the book, “China Rx: Exposing the Risks of America’s Dependence on China for Medicine,” co-author, Rosemary Gibson, explains the dangers of relying on one country as a source of vital medicines.
Hosts Robert and Kim Kiyosaki are joined by Rosemary Gibson to discuss how the United States can get out from under the dependence of China for drugs.
Visit Rosemary Gibson’s website: http://www.rosemarygibson.org
Learn more about your ad choices. Visit megaphone.fm/adchoices
  continue reading

521 episodes

Artwork
iconShare
 
Manage episode 265717264 series 2394535
Content provided by The Rich Dad Company and The Rich Dad Media Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Rich Dad Company and The Rich Dad Media Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
When the coronavirus pandemic struck in the United States, the FDA was forced to closely monitor the medical product supply chain, including disruptions to supply or shortages of critical medical products in the U.S. because many of the components for those in-demand products are manufactured in China.
In a statement in February 2020, the FDA said, “Since January 24, the FDA has been in touch with more than 180 manufacturers of human drugs, not only to remind them of applicable legal requirements for notifying the FDA of any anticipated supply disruptions but also asking them to evaluate their entire supply chain, including active pharmaceutical ingredients (the main ingredient in the drug and part that produces the intended effects, e.g., acetaminophen) and other components manufactured in China.
Also, as part of our efforts, the FDA has identified about 20 other drugs, which solely source their active pharmaceutical ingredients or finished drug products from China. We have been in contact with those firms to assess whether they face any drug shortage risks due to the outbreak. None of these firms have reported any shortage to date. Also, these drugs are considered non-critical drugs.”
In the book, “China Rx: Exposing the Risks of America’s Dependence on China for Medicine,” co-author, Rosemary Gibson, explains the dangers of relying on one country as a source of vital medicines.
Hosts Robert and Kim Kiyosaki are joined by Rosemary Gibson to discuss how the United States can get out from under the dependence of China for drugs.
Visit Rosemary Gibson’s website: http://www.rosemarygibson.org
Learn more about your ad choices. Visit megaphone.fm/adchoices
  continue reading

521 episodes

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