FDA Exploring Drug Importation That Could Boost Jobs in India, China, Pose Risk to American Consumers FDA Exploring Drug Importation That Could Boost Jobs in India, China, Pose Risk to American Consumers – NTK Network

FDA Exploring Drug Importation That Could Boost Jobs in India, China, Pose Risk to American Consumers

It may be Chinese and Indian drug companies who are most looking forward to the potential plan.

By NTK Staff | 09.20.2018 @10:30am
FDA Exploring Drug Importation That Could Boost Jobs in India, China, Pose Risk to American Consumers

A controversial Food and Drug Administration working group has begun exploring drug importation from other countries with the intention of bringing down costs for American consumers.

But it may be Chinese and Indian drug companies who are most looking forward to the potential plan. As the Daily Caller writes:

Drug companies in India and China are drooling over the prospect that many American jobs in the pharmaceutical industry could soon be outsourced overseas.

The reason? A recent announcement from the U.S. Food and Drug Administration (FDA) that it is exploring so-called “importation” proposals, which would open the foreign drug market to Americans at rates set arbitrarily by other governments.

According to the Caller, the potential move by the FDA could be an important job catalyst for the Indian and Chinese economies, but it also presents risks for American consumers:

The move could be one of the most important job catalysts for the Indian and Chinese economies, but experts say American consumers may end up facing increased risks when buying medicines, while U.S. firms would suffer under foreign price controls brought to domestic markets.

Last year, four former FDA Commissioners warned that importation of drugs could present serious dangers to consumers.

Another recent report from former FBI Director Louis Freeh found an “overwhelming consensus” among law enforcement that allowing importation of drugs from Canada would result in illegitimate and potentially dangerous drugs entering the United States.

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