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Pharmaceuticals
AEI's Scott Gottlieb argues that the focus of legislation should not be on creating employment benefits specifically targeted to H1N1, but instead on ways to mitigate risks in future pandemics by providing Americans with early vaccinations.
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We must make a concerted effort today to increase our capacity for timely development of safe, effective and innovative flu vaccines.
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U.S. regulations are too cautious. Europe has adopted a more sensible approach.
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By Roger Bate
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Wellcome Trust
Monday, October 26, 2009
Myriad responses are required for all parts of the substandard drug problem.
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The burden of excise taxes in the America's Healthy Future Act of 2009 will largely fall on patients, meaning sick patients will be subsidizing the health care of other sick patients.
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Controls would take away the industry's incentive to develop new lifesaving medications and therapies.
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The Indian government is touting a new survey showing a low percentage of drugs within the country are counterfeit. But the reality is that India still has a major problem will poor-quality drugs.
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Unless philanthropists insist on market principles in Africa's drug market, and until they apply necessary due diligence when cutting checks, their aid stands to be hijacked by governmental opportunism, incompetence, and corruption.
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Fake drugs flourish in areas where government oversight is poor and private-sector accountability is weak, but failing to prevent counterfeit drug sales can have deadly consequences.
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It is likely that some form of drug reimportation will be approved by the U.S. Congress this year, if not in the next few weeks.
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Saturday, November 21, 2009
