Breitbart Pfizer Chairman and CEO Albert Bourla warned on Tuesday that Chinese biotechnology science is progressing at “the speed of light,” presenting commercial and national security risks to the U.S.
Bourla, who has helmed the company since 2018 and is also chairman of PhRMA, the largest drugmakers trade group in D.C., cited financial setbacks to the U.S. biotech industry, largely due to former President Joe Biden’s “Inflation Reduction Act” (IRA), and pointed to China’s aggressive approach of replicating the U.S. system and dumping funds into the industry. He simultaneously praised President Donald Trump for Operation Warp Speed in his first term.
“The thing that I discuss with everyone in the [Trump] administration, and I think that resonates a lot with Democrats and the Republicans — with everybody in the administration, including HHS and everywhere — it is that the Chinese right now are progressing with the speed of light in their science,” Bourla said during the company’s quarterly earnings call. “Biotech … the U.S. has the dominant scientific position in biotech because we have created this ecosystem of biotech and pharma, and academia, and all of that. This is exactly what the Chinese have replicated in the last four years.”
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