HAfter a devastating tornado damaged an important pharmaceutical plant in the United States, US pharmaceutical company Pfizer expects the plant to be out of business for several weeks. While production facilities at Rocky Mount, North Carolina are likely intact, CEO Albert Burla said in an interim report. However, it will take weeks for power to be restored. In addition, the camp was almost completely destroyed. Burla spoke of a “monumental task”.
The plant is one of the world’s largest enterprises for the production of injectable drugs. Products manufactured there include anesthetics, painkillers and anti-infectives.
Nearly 25 percent of the sterile injectables used in US hospitals are made from this plant, according to Pfizer. After Pfizer first reported tornado damage on Thursday, shares in German rival Fresenius rose significantly. Stockbrokers expected that Kabi, a subsidiary of Fresenius, would be able to capitalize on the bottlenecks.
Source: Frantfurter Allgemeine
Elizabeth Gray is a writer at the World Herald News. He covers trending news, and his name appears frequently in online search results for stories covering the latest developments in international politics and business.
