Senators Want to Study Foreign Drug Supply Investment

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Sens. Marco Rubio (R-FL) and Elizabeth Warren (D-MA) have introduced legislation directing the Federal Trade Commission and the Treasury Secretary to study the United States’ over-reliance on foreign countries and the impact of foreign direct investment on the U.S. pharmaceutical industry and DNA analysis industries. A statement says the U.S. “relies heavily on foreign nations for its supply of drugs and pharmaceutical products. Today, experts estimate up to 80% of the active pharmaceutical ingredients … are imported from abroad. This over-reliance leaves our supply chain of critical drugs used by millions of Americans vulnerable to disruption, whether by accident or by design.”

The legislation would require the FTC and Treasury Department to provide Congress with a report on: 

  •          how over-reliance on foreign countries for pharmaceutical products affects the U.S. supply chain and domestic manufacturing capacity;
  •          how foreign investment from abroad affects the nation’s ability to produce drugs, as well as their key components;
  •          how foreign direct investment in U.S. genome sequencing technologies affects domestic capacity to sequence or store DNA; and
  •          the number of foreign investment transactions in the drug industry and the sequencing or storage of DNA in the U.S. that the Treasury Department Committee on Foreign Investment in the United States has reviewed in the past 10 years.

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