Destruction of UK Pharma manufacturing.

[johnep]

Majority of 'ethicals' now made overseas. Apparently the Co-op has initiated a joint funding venture in China to produce all their generics. Can't be long before the other multiples follow. Hard luck for all those pharmacists hoping to work in UK industry. There will not be any.
johnep

[Rafael]

HSBC head office has been moved from london to Tokyo. HSBC rep was on TV last week answering questions and lots of criticism. in summery, he said they view Asia as the new financial capital of the world, as china/japan/india continue growing. they achieved 6% growth rate this quarter while UK is still in recession. so its not only the manufacturing industry John. the sooner we accept this change, the more comfy we will be when it actually happens. I better start learning contonese/mandarian before its too late. you never know what might happen in the next 10 years.

[johnep]

If China becomes prosperous enough to attract those trying to enter the UK, wonder if they will welcome immigrants with open arms.
johnep

[Hector]

That's an interesting point. I'm guessing not! So is the whole pharmaceutical manufacturing industry is leaving western europe and will inevitably go the far east and eastern europe? There will of course still be jobs for pharmacists in the industry. Regulatory affairs will always be there as will health economics.

[johnep]

We are seeing a profound change in world affairs. Economic power is replacing military power and economic power is passing from west to east.
johnep

[paul2008]

Chinese work ethic may also have something to do about it. There is not working time directive there, I heard that you work long hours only 6 days a week and don't get much leave. Of course they can get away with excluding foreigners except those that the want. Oh and health and safety whats that again?

If fact can get away with almost anything now look at the way nobody even says anything about the great firewall of China anymore. Unfortunately I think western democracy is no match for totalitarian powers. Might not be too long before we are the poor cousins all for some short term gain in outsourcing.

[Pharmanaut]

If fact can get away with almost anything now look at the way nobody even says anything about the great firewall of China anymore. Unfortunately I think western democracy is no match for totalitarian powers. Might not be too long before we are the poor cousins all for some short term gain in outsourcing.

Only while the west has money to buy goods they have manufactured.
I could get Pharmanauts number one son to write a treatise on how precarious this balance is likely to become.

[hibernia]

Only while the west has money to buy goods they have manufactured.

I read somewhere that the Chinese, some of the poorest people in the world, save most of their money which is then lent to Americans, who earn far more than they do but spend it all, so that the Americans can buy more Chinese goods

[vanquish s]

there will still be jobs in clinical affairs, research, clinical trials, sales, stock, business development, regulatory and qaulity affairs, medical information. At the end of the day a presence is still needed here as UK will remain one of the No1 markets.