Monday, February 18, 2008

Regulation Schmegulation.....

WatchOutForThoseEvilCanadianPharmaceuticals
GlobalizationGoneWildVille




Sometimes the race to the bottom can be downright deadly.

Like, apparently, when you build blood thinners down on the killing floor:

A Chinese factory that supplies much of the active ingredient for a brand of a blood thinner that has been linked to four deaths in the United States is not certified by China’s drug regulators to make pharmaceutical products, according to records and interviews.

Because the plant, Changzhou SPL, has no drug certification, China’s drug agency did not inspect it. The United States Food and Drug Administration said this week that it had not inspected the plant either — a violation of its own policy — before allowing the company to become a major supplier of the blood thinner, heparin, to Baxter International in the United States.

Baxter announced Monday that it was suspending sales of its multidose vials of heparin after 4 patients died and 350 suffered complications. Why the heparin caused these problems — and whether the active ingredient in the drug, derived from pig intestines, was responsible — has not been determined.


Hmmmmmm....

Wonder how many monetary Friedman Units Baxter International saved by contracting out to an unregulated, and apparently unregulatable, Chinese factory?

Meanwhile, US regulators and the Kooky-Cons are still doing their darndest to keep those bad Canadian drugs out of the hands of the American senior citizens in the border states.

Sheesh.


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Meanwhile, Canuckistan's new top banker is busy running around telling anybody who will listen that globalization is really, really good for us.

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