Not too long ago I posted about Astra Zeneca dismissing all their pharmaceutical representatives in the US. In as mentioned in the article here Pfizer and is also closing plants in the US. At some point in time I wonder if we will have a need for manufacturing if they will have any manufacturing left in the United States were the United Kingdom. BD
AstraZeneca (AZN) will move all its drug production — of “active pharmaceutical ingredients” — in the U.K. to China. About 300 jobs in Britain will be lost, The Times reports.
The move is part of a trend: Drug companies with massive Western operations are shutting them down and moving them to China. The unanswered question is, How will the FDA monitor production of drugs destined for the U.S. if all the factories are in China?
Pfizer (PFE) is doing the same thing as AZ. After announcing it will close a New London, Conn., R&D site and consolidate operations at nearby Groton, the company will expand operations in Wuhan, China, where 200 jobs will be added, according to The Day.