Legal Minute: Why are there chemo drug shortages?
We discuss how the shortage of chemotherapy drugs stems from economic challenges faced by generic drug manufacturers. Many cannot afford to produce these drugs due to low profitability. Factors include factory shutdowns for quality issues, a complex global supply chain, and older generic drugs being unprofitable to produce. Government pressure on prices further reduces profit margins, disincentivizing investment in production quality. Consequently, manufacturers prioritize newer, more expensi...