Chinese pharmaceutical company Sunshine Lake Pharma has become the first Chinese firm to win US Food and Drug Administration (FDA) approval for a long-acting insulin product.
Insulin has always been incredibly cheap and easy to produce. It’s crazy that “Chinese insulin” has to break into any kind of market, given that we could be producing it at home at-cost in quantities large enough to saturate the population for next to nothing.
Insulin has always been incredibly cheap and easy to produce. It’s crazy that “Chinese insulin” has to break into any kind of market, given that we could be producing it at home at-cost in quantities large enough to saturate the population for next to nothing.
Private healthcare is one of the most evil things about capitalism (aside from all the genocide ofc)
I say this out of complete ignorance: what’s stopping people? Regulation laws? Cost of initial equipment?
Capital, distribution, and expertise mostly.