Hurricane Maria Takes A Toll On Global Medical Supplies
Puerto Rico lured pharmaceutical and medical device companies to its shores with its attractive tax regime. Now, its climate vulnerability threatens the world’s medical supplies. The Food and Drug Administration is monitoring about 30 critical pharmaceuticals manufactured either solely or primarily on Puerto Rico — including 14 that cannot be substituted by anything else on the market, FDA Commissioner Scott Gottlieb told a congressional panel yesterday. The outlook is also risky for manufacturers of 50 critical medical devices, like insulin pumps and pacemakers....