Pharmaceutical Risk Assessment and Mitigation Act of 2024
The bill is designed to improve the robustness of the U.S. pharmaceutical supply chain, particularly in the context of national security. By requiring updated guidance and a comprehensive report, it empowers the Department of Defense to better manage risks associated with sourcing pharmaceuticals—an area that has become increasingly critical. This focus on supply chain integrity not only aims to secure drug availability for military needs but also supports broader public health goals amidst growing concerns of pharmaceutical shortages and supply disruptions.
SB4635, known as the Pharmaceutical Risk Assessment and Mitigation Act of 2024, mandates the Under Secretary of Defense for Acquisition and Sustainment to prepare a report addressing the pharmaceutical supply chain's vulnerabilities. This report should assess the Department of Defense's reliance on foreign suppliers, specifically those deemed high-risk, and document potential limitations in obtaining and analyzing relevant information. The goal is to enhance the Department's understanding of the active pharmaceutical ingredients, drug products, and materials sourced from these suppliers.
While the bill seeks to fortify the pharmaceutical supply chain, there may be concerns regarding the potential challenges of gathering comprehensive data from manufacturers operating in high-risk countries. Furthermore, the reliance on FDA determinations raises questions about the sufficiency of existing data and whether the Department of Defense can effectively monitor vulnerabilities without compromising on regulatory standards. Critics may argue that this could lead to bureaucratic hurdles that delay necessary actions to address supply chain issues.