Becker's Healthcare July 29, 2024
A generic drugmaker likely will shut down if it does not receive federal assistance, The Wall Street Journal reported July 26.
USAntibiotics’ 394,000-square-foot plant in Bristol, Tenn., makes millions of amoxicillin presentations every day, but it is far from breaking even as the generic medication industry struggles to compete with overseas companies, whose costs often are lower.
The pharmaceutical company is the nation’s only manufacturer of amoxicillin products, according to its website. USAntibiotics’ branded presentations are Amoxil (amoxicillin) and Augmentin (amoxicillin clavulanate).
Its facility has made the crucial antibiotic since 1978, and in 2008, it was supplying nearly all amoxicillin doses in the U.S. Now, without an infusion of cash, it eventually will shut down, according to...
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