US Drug Shortage Reaches a Decade High: US Pharmacopeia Reports

5Mind. The Meme Platform
The Epoch Times Header

There were 125 drug shortages by the end of 2023.

Drug shortages are the highest in a decade, with 2023 topping the charts, according to United States Pharmacopeia’s first annual Drug Shortage Report (USP).

“The number of drug shortages has increased over a decade, with 125 active drug shortages monitored by FDA at the end of 2023. … This high number of shortages is a direct result of persistent market vulnerabilities,” the report authors wrote. “According to our analysis, over a quarter of drugs in shortage were new drug shortages (34 products) in 2023.”

USP is a nonprofit organization that sets quality standards for medication, dietary supplements, and food ingredients worldwide.

The report, published in early June, notes that the average drug shortage lasts more than three years and affects multiple types of drugs. Almost 25 percent of those drugs have been on shortage lists for over five years, and six drugs, including epinephrine injections, have been in short supply for a decade. Injectable generic medications have been hit hardest, comprising more than 53 percent of new drug shortages.

These drug shortages indicate vulnerability in the market and affect patient care.

“Unexpected shocks can break the system and disrupt the supply of quality medicines,” Anthony Lakavage, senior vice president for Global External Affairs at USP, said in a news release. “This worrisome trajectory leads to more frequent drug shortages, prolonged scarcity, and more people at risk of not getting the medicines they need, when they need them.”

What’s Causing the Shortage?

The report states that fundamental supply and demand are likely to blame for the drug shortages but adds that the problem in the United States is exacerbated by manufacturing complexity (e.g., sterile injectables). For instance, drug classes like antibiotics need dedicated facilities, and some active ingredients require complicated chemical synthesis.

Some of the other reasons for the shortages include:

By Amie Dahnke

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.
00:02:22

Young Washington: Movie Review

Sitting in the theater watching Young Washington, I found myself wondering why this story hadn’t been made into a film sooner.
00:02:08

A Movie That’ll Keep You Awake: A Great Awakening

So how does someone (me) who thinks they’ve just seen the greatest movie ever (A Great Awakening), persuade you to watch it?

Ring That Bell

If I could travel back in time to 1776,...

Thoughts On America 250

Before you, American reader, is the honor, blessing, and privilege of celebrating the 250th anniversary of our nation. A nation toward which God has been merciful, shining His great grace.
00:02:22

10 Movies To Watch For America 250

Wondering what to watch to celebrate America 250, your worries are over. I’ve put together a list of ten movies with patriotic, colonial America, and Revolutionary War themes.
00:08:36

Sophie Cunningham Won’t Back Down. Her Supporters and Critics Won’t Either.

Sophie Cunningham won’t back down and she is praised by some as a rare example of an athlete standing her ground, criticized by others.

NASA Launches Its Most Powerful Telescope Yet on a Multi-Year Mission of Cosmic Discovery

NASA dispatched its latest addition to its fleet of space telescopes, beginning a multi-year mission of cosmic discovery that is promising to dwarf that of its predecessors.
00:03:15

Arizona Border Wall Construction Begins, Targets Smuggling Corridor

CBP said the Arizona wall project is located along “one of the most dangerous smuggling and trafficking corridors on the Southwest border.”
00:01:21

Underlying Summer Inflation Has Not ‘Meaningfully Improved,’ Says Fed’s Kevin Warsh

‘We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed,’ the Fed Chairman Kevin Warsh said.
00:03:12

Trump Says Venezuelan Oil Will Be Used to Fill Up Strategic Petroleum Reserve

The United States and Venezuela announced a deal for Washington to control 65 billion barrels of the South American country’s oil reserves.
00:12:43

China Factor Looms Over Collapse of US–Canada Trade Talks

The China factor looms over the collapse of US–Canada trade talks and Carney’s approach to Beijing may have added to the Trump administration’s concerns.
00:01:56

Trump Signs Order to Change Name of Lake Ontario to Lake America

President Trump signed an executive order on Aug. 27 to officially rename Lake Ontario as Lake America, effective immediately.
00:05:01

US Imposes 50 Percent Tariffs on Some Canadian Goods After Last-Minute Trade Talks Collapse

U.S. Trade Representative Jamieson Greer said that new tariffs on Canadian imports will take effect as the two nations have failed to reach a trade deal.
spot_img

Related Articles

Popular Categories

MAGA Business Central