By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Investing > FDA Doesn’t Expect Immediate Significant Impact to Drug Supply Following Tornado at Pfizer Plant
Investing

FDA Doesn’t Expect Immediate Significant Impact to Drug Supply Following Tornado at Pfizer Plant

News Room
Last updated: 2023/07/22 at 2:14 PM
By News Room
Share
2 Min Read
SHARE

By Denny Jacob

The Food and Drug Administration on Friday said there shouldn’t be an immediate significant impact on the supply of drugs producted at a Pfizer manufacturing facility in North Carolina that suffered extensive damage from a tornado earlier this week.

The drugs produced at the facility are currently available at hospitals or are in the distribution system. It noted that while Pfizer has one-third of the total sterile injectable drug market for hospitals in the U.S., the affected facility only makes 25% of Pfizer’s supply of the product.

The FDA said its initial analysis has identified less than 10 drugs that the plant is the sole source of for the U.S. market. It also said a number of them are specific formulations, and there should be substitutes or many weeks’ worth of stock available in other Pfizer warehouses.

The FDA said it has initiated mitigation steps such as looking for additional sources and asking other manufacturers to prepare to ramp up manufacturing for the products made at Pfizer’s North Carolina facility that already are or may be at risk of being in short supply.

Pfizer earlier Friday said most of this week’s tornado damage to its Rocky Mount, N.C. manufacturing plant affected its warehouse facility that stores raw materials for drugs, packaging materials and manufactured medicines awaiting shipment. Pfizer says the plant’s production areas weren’t damaged. The company is also trying to move and store medicines to other locations, replace damaged supplies, and shift manufacturing done at the plant to other locations.


Write to Denny Jacob at [email protected]


Read the full article here

News Room July 22, 2023 July 22, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
@TheSharkDaymond shares 3️⃣ of the hardest challenges for entrepreneurs.

Watch full video on YouTube

Why hopes of a December rate cut are falling

Watch full video on YouTube

Why the U.S. retirement system has a C+ rating

Watch full video on YouTube

AI stocks soared in 2025, but is the bubble starting to burst?

Watch full video on YouTube

Envirotech Vehicles, Inc. (EVTV) Shareholder/Analyst Call Prepared Remarks Transcript

Operator Greetings. Welcome to Envirotech Vehicles, Inc. 2025 Annual Meeting of Stockholders…

- Advertisement -
Ad imageAd image

You Might Also Like

Investing

Why Home Builders Are Bouncing Today—and Why Their Stocks Are Good Buys

By News Room
Investing

This Beaten-Down Industrial Stock Wants to Call America Home. Why It’s Time to Buy.

By News Room
Investing

These 8 Dividend Aristocrats Can Protect Your Portfolio in a Downturn

By News Room
Investing

Some Lenders Benefit From SBA’s Troubled Loan Program

By News Room
Investing

Social Security Is in Turmoil. Should You Lock In Benefits Now?

By News Room
Investing

Hims & Hers Stock Is Due for a Crash Diet. The GLP-1 Surge Is Fading Fast.

By News Room
Investing

Opinion: The stock-market selloff isn’t over yet. Here are 4 reasons why.

By News Room
Investing

With Trump’s tariffs paused, ‘Big Three’ automakers may race to build inventories

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?