The $354 million project is designed to shore up the drug supply chain and reduce the country's dependence on foreign manufacturers.
Seeking to secure the nation's supply of critical medications, the Trump administration has signed a $354 million contract that would create the nation's first strategic stockpile of key ingredients needed to make medicines.
Phlow's CEO, Dr. Eric Edwards, told NBC News that the company had been in discussions with the administration back in November but that the project was fast-tracked once COVID-19 hit. The move would help address a longstanding concern in the health care sector, experts said, as the vast majority of raw drug ingredients are produced overseas, mainly in India and China because of cheap manufacturing costs and less stringent regulations. Experts have long feared a significant supply disruption caused by the country's dependence on foreign manufacturing.
Massachusetts General Hospital in Boston echoed a similar concern in late March for albuterol, an asthma drug being used to treat respiratory complications due to COVID-19. In real time, hospitals are sometimes down to a month's or even less than a day's worth of certain drugs, according to the American Society of Health-System Pharmacists.
"We believe this work can revolutionize America's generic drug manufacturing model by enabling Phlow to produce affordable ingredients used to manufacture essential medicines in the U.S.," said Dr. Frank Gupton, co-founder of Phlow, chair of Virginia Commonwealth University's Department of Chemical and Life Science Engineering, and CEO of the Medicines for All Institute.
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