Taking any generics?
Posted by Charles II on September 10, 2015
Amy Kazmin, FT:
Indian companies manufacture a lot of the generic drugs we use–30 to 40% of what we use in the US.
They don’t manufacture them very well. The EU has banned 700 of them. The US has banned 39 companies from exporting to the US. A Japanese company bought Ranbaxy… and promptly wrote down the investment by nearly the purchase price.
And, of course, one of the worst of them, Emcure, is owned by Bain Capital.
So, good luck if you rely on any generics! The free market is taking care of everything!
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