A lot of America’s pharmaceuticals came from New Jersey, New Jersey was known for this. All the big players are in New Jersey, some still are, but manufacturing moved overseas to save costs.
Yes, and who received the money saved? ...consumer or CEO?
There are a lot in Mass. My son is currently doing an internship at Bristol-Meyers Squib at the plant in Devens, MA. They do research and manufacturing there.
Devens is about an hour NW of Boston. Right next door to Fort Devens, US Army base.
In the 60’s in an attempt to convert Puerto Rico from an agrarian economy to one based on manufacturing, we gave companies major tax breaks to relocate. A lot of pharmaceutical moved.
Clinton put an end to it.
Fixed it. The price is still through the roof!!!
The headquarters of the giant pharma companies are in New Jersey. Like many global manufacturers however, their supply chain is also global. Many API and drug products come from China because they're less expensive to make there.