Not long ago, Mexico has given its consent and agreed to the United States-Mexico-Canada Agreement. This arrangement is a great deal because it could be used as a replacement of NAFTA (North American Free Trade Agreement). The lawmakers of the United States should be smart enough to follow and take this arrangement forward. By encouraging the production of medicines, this pact could be able to save millions of people’s lives.
Biologics is an important and a new class of medicines. The development of these types of medicines can really be beneficial. This deal also accounts for the development and the basic provision for these types of medicines. Cells of living organisms like plants and animals are the raw materials for the manufacturing of these kinds of drugs.
Doctors believe that biologics is a solution for incurable and terminal illnesses. According to the Food and Drug Administration (FDA), biologics can be used for any kind of diseases and is effective in the cases of diseases that are untreatable. The patients living with incurable diseases like Alzheimer’s and Huntington’s disease have biologics as their only option to live. The use of biologics can not only save lives but also a whole lot of money used on costly treatments of these terminal illnesses.
FDA doesn’t restrict the biologics from use and gives its approval to 12 percent of them because they are made from the cells of living organisms and are organic. It takes almost 15 years for a drug to be approved by the FDA and a total of 3 billion for it to go through the whole procedure.
It’s not an easy process and very few bears to invest their time and money in the development of these medicines.
These procedures are supervised and protected by certain means. If this is not done, the drug design can be copied by another pharmaceutical company on the opposite side. And the actual owners of the drug design will not be able to profit from it and will lose the determination to develop new cures.