▲ | refurb 5 days ago | ||||||||||||||||
Yup, this article isn't great. As someone close to pharmaceutical manufacturing, the reason why the manufacturing is done in Ireland is for tax benefits for sales in Europe. So why not have a US factory for US sales? Because it's much more expensive and complex to have two separate factories making the same drug. It's far easier to just scale the Irish factory to serve all global sales. Even the same companies with Irish factories have US factories as well. It's not like any tax benefit moved that out of the US as well. | |||||||||||||||||
▲ | kgwgk 5 days ago | parent [-] | ||||||||||||||||
Most of the value is in the patents, not in the manufacturing. Did they also expatriate that “accidentally”? If Pfizer operates in the US at a loss (or at least they did in 2018-2020) and all the profits are booked elsewhere it was their choice. https://www.finance.senate.gov/imo/media/doc/wyden_pfizer_in... | |||||||||||||||||
|