In the Oval Office, President Trump signed an executive order to spur domestic pharmaceutical production.
Category
đź—ž
NewsTranscript
00:00On the political side, have you made any determination on kind of what those tariff rates may look like and the timing of those tariffs?
00:07I'll announce it over the next two weeks.
00:10Okay.
00:11Will, please.
00:12Oh, sorry.
00:13Do you have anything to say about this, Marty, what we just discussed?
00:16We have had this crazy system in the United States where American pharma manufacturers in the United States are put through the ringer with inspections.
00:25And the foreign sites get off easy with scheduled visits while we have surprise visits in the United States.
00:33Well, a scheduled visit is no inspection.
00:36So we are at the FDA delivering on this promise in the president's executive order and switching from announced to surprise inspections overseas.
00:46We're also not going to have our inspectors hanging out for three or four weeks.
00:49They're going to get in and out, and we're going to do more inspections with the same resources as a result.
00:55Good.
00:55Jay?
00:57I mean, I think it's very, very important that Americans have a drug supply, a pharmaceutical supply that they can count on.
01:05It's – we saw during the COVID pandemic that the reliance on overseas production of pharmaceuticals led to shortages of essential medicines, and that's happened over and over again.
01:16And making the American – making America produce the drugs that it's long been able to produce is a huge priority.
01:25And this executive order that the president just signed is going to make that possible.
01:27So, Vince, you're a big policy person.
01:31You've been so great for me for so long.
01:32What do you think?
01:34Sir, you've always said it's vitally important that we have national self-sufficiency when it comes to critical pharmaceuticals.
01:41We learned that in 2020.
01:44It was a key campaign promise.
01:46We've seen shortages in the past of critical cancer drugs, people on chemotherapy.
01:50We have to produce those here at home, and this is an important contribution to doing that.
01:56Good.
01:57Any questions of them?