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Transcripts For CSPAN2 Pharmaceutical 20240703

Subcommittee on health with representatives from the pharmaceutical industry and policy stakeholders. This is three hours. [inaudible conversations] [inaudible conversations] we will come to order. The committee will come to order and the chair will recognize himself for an opening statement. Todays hearing is focus on the critical topic of finding longterm solutions to prevent future drug shortages of key drugs for patients. For months, Cancer Patients including pediatric Cancer Patients, have had to scramble to find the drugs recommended or use alternatives because of instability in the markets and supply chains. In 2022 alone there were over, there were 301 drugs enacted shortages according to the university of utah. For over a decade professions and a medical and Regulatory Community has sounded the alarm on the underlying economic causes of drug shortages. Unforeseen circumstances like a tornado hitting a pharmaceutical warehouse in North Carolina, or a manufacturing facility in i

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