Money
Hosts claim monkey testing prices surged after China halted primate exports
My First Million
The $4 billion business behind drug testing
"When COVID happened, prices shot up cuz they needed to test for medicines, vaccines. It got to 20,000, 50,000 per monkey. And then what happened was at the time, China supplied 60% of the world's what they call NHPs, non-human primates, which these monkeys, >> they do everything."
My First Million hosts discuss what they describe as a sharp rise in the cost of non-human primates used in drug testing during Covid-19, claiming prices reached $20,000 to $50,000 per animal. They further claim China previously supplied around 60% of the global non-human primate market before stopping exports, triggering a supply shock that other countries such as Cambodia and Vietnam moved to fill.
From this episode
My First Million