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Thursday, 6 April 2023

How dangerous are India’s generic drugs? Very

 

India relies on the weak oversight of developing countries that make up the bulk of its exports – that’s how it can continue to push substandard and often deadly medicines there. — Bloomberg

 

FOR a nation that seeks to claim the mantle of “pharmacy to the world,” India is scandalously short on regulatory oversight.

In the last six months, its generic cough syrups have killed dozens of children, its eye drops have caused blindness and its chemotherapy drugs have been contaminated.

The children who died – mostly under the age of five years – were given Indian-made over-the-counter products contaminated with industrial solvents and antifreeze agents that are fatal in even small amounts.

The eye drops that contained extensively drug-resistant bacteria? So far 68 patients across 16 US states have been affected. Three people died, several had to have their eyeballs removed, some went blind, the Centres for Disease Control and Prevention reported on March 21.

The Indian company, Global Pharma Healthcare, issued a voluntary nationwide recall for the drops. India is the largest provider of generic medicines, producing 20% of the world’s supply, according to the government’s Economic Survey.

Its US$50bil (RM220bil) drug-manufacturing industry exports medicines to over 200 nations and makes 60% of all vaccines. It boasts “the highest number” of US Food and Drug Administration or FDA-compliant plants outside America, and indeed, some of its generic pharmaceutical companies produce high-quality medicines.

That may well provide consumers with a level of comfort, but history suggests it is unwise to trust that feeling.

The latest drug recalls just add to a long line of scandals that have tainted the sector.

In 2013, a US subsidiary of major Indian drug manufacturer Ranbaxy Laboratories Ltd pleaded guilty to US federal criminal charges and agreed to pay US$500mil (RM2.2bil) lion for selling adulterated generic drugs, fabricating data, and committing fraud. Serious flaws in the FDA compliance regime allowed these breaches to go undiscovered, until a years-long investigation laid bare the endemic corruption.

A generic drug made in India and modelled on Lipitor sold in the US to treat high cholesterol, for example, was contaminated with shards of blue glass, as journalist Katherine Eban documented in her book, Bottle of Lies: The Inside Story of the Generic Drug Boom. Her book draws in part on the experience of whistleblower Dinesh Thakur, who worked at Ranbaxy.

You would think such a damning indictment would prompt India to develop a safer, better pharmaceutical oversight regime. Think again.

The systemic fraud exposed by the investigation – where data was routinely falsified to fool inspectors, increase production and maximise profit – did not result in a regulatory overhaul.

Still, a two-day “brainstorming session” held in February appeared to acknowledge the system’s inherent weaknesses, with Health Minister Mansukh Mandaviya telling participants India needed to “move from generic to quality-generic drugs.”

Discussions involved “how to make the country’s drugs regulatory systems transparent, predictable and verifiable,” according to a health ministry media release.

Consumers shouldn’t hold their breath, though. A national law on drug recalls has been under discussion since 1976 without resolution, and the government – at least publicly –remains in denial: Since the Ranbaxy scandal, Thakur has campaigned for the reform of India’s main regulator, the Central Drugs Standard Control Organisation, and, with lawyer T. Prashant Reddy, has written his own book, The Truth Pill: The Myth of Drug Regulation in India, which was published in October.

They note that adulterated Indian drugs aren’t just killing children in developing-world export markets like Gambia and Uzbekistan. They’re also killing children at home: In 2019, at least 11 infants died in the state of Jammu because of cough syrup containing diethylene glycol. 

The World Health Organisation (WHO) sent alerts in October and January, asking for the cough medicine to be removed from the shelves. (It also issued a warning last year for cough syrups made by four Indonesian manufacturers sold in that country, where 203 children died in similar circumstances.)

Maiden Pharmaceuticals, whose medicines were sold in Gambia and linked by the WHO to the deaths of at least 70 children, has denied wrongdoing. And India’s regulator rejected the WHO’s findings, saying no toxic substances had been found in samples taken from Maiden’s plant. 

It shouldn’t have taken more deaths for Prime Minister Narendra Modi’s administration to act. The red flags have been there for years. What’s lacking is political will, and transparency. The FDA publishes different reviews of new drug applications on its website, along with detailed notes. 

So why does contamination with such deadly substances occur so regularly?

“The simple answer is that Indian pharmaceutical companies quite often fail to test either the raw materials or the final formulation before shipping it to market,” Thakur said.

India relies on the weak oversight of developing countries that make up the bulk of its exports – that’s how it can continue to push substandard and often deadly medicines there.

In the absence of a global framework for pharmaceutical safety, what can be done to make the generic drugs that consumers around the world have come to rely on safer and effective?

For a start, the WHO’s prequalification programme, which facilitates the purchase of billions of dollars’ worth of medicines through international agencies such as Unicef, must be overhauled. Then there’s the question of holding these companies to account for the harm they cause inside and outside India via legal avenues and victims’ compensation. — Bloomberg 

- Ruth Pollard is a Bloomberg Opinion columnist. The views expressed here are the writer’s own.

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Wednesday, 5 April 2023

Who is more intelligent and successful, Dr. Mahathir Mohamad or Mr. Lee Kuan Yew (Malaysia vs Singapore)? Why?

 


To compare Mahathir with Mr Lee is like placing a pig next to a lion. The short answer is: No Comparison! Let me explain my reasons.

After 55 years after these 2 men become PM of the respective country, Mr Lee left behind a legacy of democracy, progress, dynamism and true success for Singaporeans and the nation Singapore. On the other hand, Mahathir has broken Malaysia into multiple segments of people - divided by race, religion, economic status - mistrusting and suspicious of each other. Economically 70% of Malaysians are poor except all his 7 children are billionaires in Ringgit terms.

At a personal level, all Mr Lee’s children attended and graduated from top notch universities in the USA or UK and qualified as professionals. On the other hand, all Mahathir attended 2nd or 3rd tier institutions in these countries but never work for a day yet became billionaires. How?? They received parts of the money Mahathir looted from the country’s coffers.

How they are remembered by their country men and women. Singaporeans - even those who dislike Mr Lee’s policies - recognized that the man has been good to Singapore. Conversely, Mahathir has confirmed himself a unreformed racist, self-centred street level political manipulator who destroyed Malaysia. 

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  https://www.quora.com/ 

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Quora is a social question-and-answer website and online knowledge market headquartered in Mountain View, California. It was founded on June 25, 2009, and made available to the public on June 21, 2010. Users can collaborate by editing questions and commenting on answers that have been submitted by other users.Wikipedia

Tuesday, 4 April 2023

China, Brazil to trade in local currencies, dump US dollar !

Gaining recognition: A person holds Chinese yuan banknotes. More economies are willing to use the yuan in clearing and payments, which is a significant step for the Chinese currency to internationalise. — Reuters

 Dump Your USD!!

 
 Why the World Is Dumping the American Dollar | Vantage with Palki Sharma. China and Brazil have struck a deal to trade in their local currencies instead of the US dollar. They joined a long list of countries including Saudi Arabia, Kenya and India. Why is the world attempting to de-dollarise? Palki Sharma decodes
 
 
HAINAN: The Chinese yuan is speeding up in expanding its global use, a trend that will help build a more resilient international monetary system, one that is less dependent on the US dollar and more conducive to trade growth, experts say.

They commented after China and Brazil – two major emerging economies and BRICS members – reportedly reached a deal to trade in their own currencies, ditching the US dollar as an intermediary.

The deal will enable China and Brazil to conduct their massive trade and financial transactions directly, exchanging the yuan for reais and vice versa, instead of going through the dollar, Agence France-Presse reported last Wednesday, citing the Brazilian government. The report comes amid the rising global use of the yuan.

China’s first cross-border yuan-settled liquefied natural gas transaction was completed last Tuesday, after the Export-Import Bank of China achieved the first yuan loan cooperation with the Saudi National Bank, the largest bank in Saudi Arabia, earlier this month.

Zhu Min, vice-chairman of the China Centre for International Economic Exchanges, said the trend is underway that more economies are willing to use the yuan in clearing and payments, which is a “significant step” for the Chinese currency to internationalise and reflects the international community’s growing trust in it.

The financial sanctions adopted by the United States since the start of the Ukraine crisis have triggered a “crisis of confidence” for the dollar to some extent, boosting the global use of other currencies, including the yuan, Zhu said on the sidelines of the Boao Forum for Asia Annual Conference.

Zhou Maohua, a macroeconomic analyst at China Everbright Bank, said the use of local currencies in bilateral trade will be a win-win situation for China and Brazil, reducing the risk of exchange rate fluctuations facing foreign trade companies, and thus boosting trade growth.

In February, China and Brazil signed a memorandum of understanding on setting up yuan-clearing arrangements in Brazil, which is deemed by experts as a necessary infrastructure for the two economies to trade in local currencies.

The arrangements will help the two countries’ enterprises and financial institutions use the yuan for cross-border trade, and facilitate bilateral trade and investment, Foreign Ministry spokeswoman Mao Ning said.

Financial infrastructure associated with the internationalisation of the yuan should be further improved, said Pan Gongsheng, vice-governor of the People’s Bank of China, the country’s central bank, in early March.

The nation will further improve its trading and settlement system for cross-border investment and financing using the currency, Pan added.

“I think yuan internationalisation will likely accelerate,” said Hong Hao, chief economist at GROW Investment Group, a China-based global asset management company, underlining that the recent developments indicate that an alternative monetary system outside the US dollar hegemony is being developed. — China Daily/ANN 

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How BRICS Is Coming Together To Challenge the US Dollar | Vantage with P... https://youtube.com/shorts/9nHUv48qWzU?feature=share via @YouTube
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 China sees an upsurge of diplomatic visits

China has recently seen an upsurge of visits by political dignitaries of multiple countries to China. See the infographic for more.
 
 
China's hyperspectral satellite for Earth observation is now operational after completing in-orbit tests, offering advanced capabilities that combine spectra with images to detect various ground objects and specific atmospheric components xhtxs.cn/Gtu
 
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