Shocking! We moved the whole production and started playing managers five decades ago, patting ourselves on the back and saying: ‘At least we have the know-how. Then they outdid us not just by being cheaper, but by becoming better than us and we simply cannot believe how.
shorelined on
A crazy decision given how recently we went through a global pandemic
Excellent-Phrase492 on
Why are so many people shocked?! Think about which country was the first to implement the strictest AI act? Was it the US or China? It was the EU! Without cheap foreign labor and relaxed laws, inflation will continue to rise! So it’s normal for businesses to move away.
Generic_Person_3833 on
Europe wants European production, but only pays Chinese pricing and slaps European law making on top on producers.
Obviously answer is to just move out. That’s not just a pharmaceutical issue.
FrozenFury12 on
>Lossmaking Xellia Pharmaceuticals said it could only survive against Chinese competition by moving some of its production to its plant there.
So what should be done?
* Force the company to stay in EU and slowly go bankrupt because EU customers prefer to get the supply from cheaper Chinese manufacturers?
* Tariff / Trade War the cheaper Chinese manufacturers so that EU customers could not buy the cheap ingredients and tell the patients/government programs you’ll have to suck up the higher cost of antibiotics?
* Use tax payer money to have contracts to buy their product at a set profit margin?
haphazard_chore on
The answer would be tariffs on specific medicines to maintain what effectively is a strategic resource.
No_Conversation_9325 on
We want low prices for meds, companies want to stay rich. As long as we refuse to work for low wages, companies will move.
KnitterOfKnots on
I listened to a podcast recently where the guy explained how the pharmaceutical industry had fundamentally changed. He said that there were a couple of cities in China that focus on pharma and those cities have hundreds of R&D labs, so much so that there’s a street for kidney drugs, a street for heart drugs etc. The western pharma companies visit the businesses and negotiate a price for the right to market a drug in the west, the western businesses’ contribution is limited to spending millions of dollars and years of time jumping through the western regulatory hoops which Chinese labs have no hope of navigating.
He said that the problem is that the Chinese labs have begun to notice the huge markups in the west, and also that VC investors were moving in to the regulatory approval side of the industry.
Haunting_Switch3463 on
Is this the reason the price of my medication is constantly increasing? Great, more should move, perhaps I can afford to save some money for once.
anxcaptain on
“Let’s end our dependency on other countries” sponge bob meme.
Free_Spread_5656 on
EU is spending trillions to prepare for war, but no antibiotics? Oof
tgh_hmn on
Well we still have this: Antibiotice Iași is a Romanian pharmaceutical company majority-owned by the Ministry of Health (53.01%) and listed on the Bucharest Stock Exchange.
Key Antibiotics Produced:
• Nystatin – Antifungal; global leader and USP reference standard.
• AmoxiPlus (Amoxicillin + Clavulanic Acid) – Broad-spectrum; supplied to EU countries.
• Ampicillin & Ampicillin/Sulbactam – Injectables, exported to the U.S.
• Cephalosporins – Like Cefadroxil and Cephalexin.
• Colistin – For resistant Gram-negative infections.
• Ethambutol – Used in TB treatment.
• Moldamin® (Benzathine Penicillin) – For syphilis, strep, and rheumatic fever.
Also produces topical antibiotics (Tetracycline, Kanamycin), anti-inflammatories (Diclofenac, Indomethacin), and exports to 30+ countries.
abi_helpdesk on
This is best news.. now china will become super power after throwing usa . Anyway even for diaper or pencil europe depends on china.. so this not big victory but still progress is better than begging
riftnet on
Absolute fail. Epic.
Miserable_Review_374 on
Europe needs cheap resources from Russia, but Europe does not understand this.
OddlySuitable on
Mediocre CEOs aided by incompetent politicians produce bad results… Incredible?
The problem is that it’s been going on for too long and it’s going to be difficult to catch up.
16 commenti
Shocking! We moved the whole production and started playing managers five decades ago, patting ourselves on the back and saying: ‘At least we have the know-how. Then they outdid us not just by being cheaper, but by becoming better than us and we simply cannot believe how.
A crazy decision given how recently we went through a global pandemic
Why are so many people shocked?! Think about which country was the first to implement the strictest AI act? Was it the US or China? It was the EU! Without cheap foreign labor and relaxed laws, inflation will continue to rise! So it’s normal for businesses to move away.
Europe wants European production, but only pays Chinese pricing and slaps European law making on top on producers.
Obviously answer is to just move out. That’s not just a pharmaceutical issue.
>Lossmaking Xellia Pharmaceuticals said it could only survive against Chinese competition by moving some of its production to its plant there.
So what should be done?
* Force the company to stay in EU and slowly go bankrupt because EU customers prefer to get the supply from cheaper Chinese manufacturers?
* Tariff / Trade War the cheaper Chinese manufacturers so that EU customers could not buy the cheap ingredients and tell the patients/government programs you’ll have to suck up the higher cost of antibiotics?
* Use tax payer money to have contracts to buy their product at a set profit margin?
The answer would be tariffs on specific medicines to maintain what effectively is a strategic resource.
We want low prices for meds, companies want to stay rich. As long as we refuse to work for low wages, companies will move.
I listened to a podcast recently where the guy explained how the pharmaceutical industry had fundamentally changed. He said that there were a couple of cities in China that focus on pharma and those cities have hundreds of R&D labs, so much so that there’s a street for kidney drugs, a street for heart drugs etc. The western pharma companies visit the businesses and negotiate a price for the right to market a drug in the west, the western businesses’ contribution is limited to spending millions of dollars and years of time jumping through the western regulatory hoops which Chinese labs have no hope of navigating.
He said that the problem is that the Chinese labs have begun to notice the huge markups in the west, and also that VC investors were moving in to the regulatory approval side of the industry.
Is this the reason the price of my medication is constantly increasing? Great, more should move, perhaps I can afford to save some money for once.
“Let’s end our dependency on other countries” sponge bob meme.
EU is spending trillions to prepare for war, but no antibiotics? Oof
Well we still have this: Antibiotice Iași is a Romanian pharmaceutical company majority-owned by the Ministry of Health (53.01%) and listed on the Bucharest Stock Exchange.
Key Antibiotics Produced:
• Nystatin – Antifungal; global leader and USP reference standard.
• AmoxiPlus (Amoxicillin + Clavulanic Acid) – Broad-spectrum; supplied to EU countries.
• Ampicillin & Ampicillin/Sulbactam – Injectables, exported to the U.S.
• Cephalosporins – Like Cefadroxil and Cephalexin.
• Colistin – For resistant Gram-negative infections.
• Ethambutol – Used in TB treatment.
• Moldamin® (Benzathine Penicillin) – For syphilis, strep, and rheumatic fever.
Also produces topical antibiotics (Tetracycline, Kanamycin), anti-inflammatories (Diclofenac, Indomethacin), and exports to 30+ countries.
This is best news.. now china will become super power after throwing usa . Anyway even for diaper or pencil europe depends on china.. so this not big victory but still progress is better than begging
Absolute fail. Epic.
Europe needs cheap resources from Russia, but Europe does not understand this.
Mediocre CEOs aided by incompetent politicians produce bad results… Incredible?
The problem is that it’s been going on for too long and it’s going to be difficult to catch up.