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Keyword: bigpharma

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  • The problem with prescription drug prices.

    05/07/2018 8:40:11 AM PDT · by gattaca · 75 replies
    60 minutes ^ | May 6, 2018 | Leslie Stahl
    The Rockford File is the story of how one very expensive prescription drug threatened to financially cripple an entire city. That city is Rockford, Illinois, an old industrial town outside of Chicago. Rather than using a health insurance company, Rockford has, for years, paid its own health care costs for its 1,000 employees and their dependents. When Rockford got hit with the drug bill it was so enormous the mayor at the time set out to understand why. Larry Morrissey: Everybody's asking the question, "Why is health care so expensive?" Because the fix is in. That's the answer. That's the...
  • Steve Forbes: Here's A Real Trade Abuse Trump Should Address

    03/07/2018 9:59:52 AM PST · by SeekAndFind · 32 replies
    Forbes ^ | 03/07/2018 | Steve Forbes
    HERE'S A HUGELY winning issue for President Donald Trump that would deal with a gross trading abuse and simultaneously advance his goal of reducing the prices of prescription drugs: Insist that foreign buyers of American pharmaceuticals--almost without exception government agencies--pay their fair share of the research and development costs of these medicines. Currently, Americans are subsidizing overseas users of our drugs. Here's how that works. The average price of successfully bringing a new medicine to market in the U.S. is about $2.4 billion. The entire approval process takes some 12 years before a drug receives its final green light. The...
  • Billionaire Charged With Bribing Doctors to Prescribe Opioids

    01/31/2018 11:40:50 AM PST · by GoldenState_Rose · 18 replies
    NBC ^ | 2017 | Cynthia McFadden
    "In the midst of a nationwide opioid epidemic that has reached crisis proportions, Mr. Kapoor and his company stand accused of bribing doctors to overprescribe a potent opioid and committing fraud on insurance companies solely for profit," said Acting United States Attorney William D. Weinreb of Massachusetts. Prosecutors allege the company paid hundreds of thousands of dollars to doctors in exchange for prescribing a spray called Subsys that contained the powerful and addictive synthetic opioid fentanyl. Three top prescribers have already been convicted of taking bribes from Insys. NBC News reported extensively on the company this summer. In her first...
  • Drug firms shipped 20.8M pain pills to WV town with 2,900 people

    01/30/2018 7:28:06 AM PST · by markomalley · 87 replies
    Charleston Gazette-Mail ^ | 1/29/18 | Eric Eyre
    Over the past decade, out-of-state drug companies shipped 20.8 million prescription painkillers to two pharmacies four blocks apart in a Southern West Virginia town with 2,900 people, according to a congressional committee investigating the opioid crisis.The House Energy and Commerce Committee cited the massive shipments of hydrocodone and oxycodone — two powerful painkillers — to the town of Williamson, in Mingo County, amid the panel’s inquiry into the role of drug distributors in the opioid epidemic.“These numbers are outrageous, and we will get to the bottom of how this destruction was able to be unleashed across West Virginia,” said committee...
  • Cancer Doctor Found Dead Following ‘Breakthrough’ Discovery

    11/29/2017 8:36:33 AM PST · by Main Street · 99 replies
    usatoday24x7 ^ | November 28, 2017 | Sean Adl-Tabatabai
    A New York Doctor was found murdered shortly after reporting a “breakthrough” discovery in the cure for cancer. Dr. Miguel Crespo’s body was found in the bathroom of the Weill Cornell Medical Center on the Upper East Side where he worked, after having gone missing for several hours. Police initially thought that Dr. Crespo had committed suicide by drug overdose after they found vomit next to his body and “foaming at his mouth.” However, close friends and family say his death is suspicious, noting that Dr. Crespo had just made an exciting discovery in the field of cancer research and...
  • The Swamp Is Incoherent on the Rule of Law, Thanks to Pharma

    09/09/2017 5:42:49 AM PDT · by Kaslin · 10 replies
    Townhall.com ^ | September 9, 2017 | Mytheos Holt
    The bipartisan Washington, DC “consensus” has so many blind spots, you’d think its exponents lived in a black box. Recently, it has become clear that one of the biggest of those blind spots is the federal government’s treatment of the pharmaceutical industry.This can be most clearly seen in the troubling continuity between the favored policy of pharma-friendly elements within the Trump administration, and the Obama administration’s own weakness on a critical policy in the battle over drug prices: namely, the 340B drug pricing program.As granular followers of pharmaceutical policy will already know, 340B is a program passed during the first...
  • .@Merck Pharma is a leader in higher & higher drug prices while (....)taking jobs out of the U.S.

    08/14/2017 3:49:54 PM PDT · by SMGFan · 17 replies
    Real Donald Trump twitter account ^ | August 14, 2017 | President Donald Trump
    .@Merck Pharma is a leader in higher & higher drug prices while at the same time taking jobs out of the U.S. Bring jobs back & LOWER PRICES!
  • Cramer to Trump: 'Get the facts straight' on Merck CEO Ken Frazier and drug pricing

    08/14/2017 12:45:28 PM PDT · by SoFloFreeper · 23 replies
    cnbc ^ | 8/14/17 | Matthew J Belvedere
    President Donald Trump should have done his homework on Merck Chairman and CEO Ken Frazier before spouting off on Twitter and implying Frazier and the drugmaker are behind "ripoff drug prices," CNBC's Jim Cramer said on Monday.
  • Merck CEO resigns from Trump council after Charlottesville

    08/14/2017 7:27:39 AM PDT · by SoFloFreeper · 54 replies
    Reuters ^ | 8/14/17
    Merck & Co Inc Chief Executive Kenneth Frazier resigned from U.S. President Donald Trump's American Manufacturing Council on Monday, saying he was taking a stand against intolerance and extremism.
  • City of Chicago Taking the State of Illinois Down the Chute with It

    07/09/2017 8:52:31 AM PDT · by Oldpuppymax · 14 replies
    The Coach's Team ^ | 7/9/17 | Jean Tierney
    The real reason for Illinois' collapsing financial situation is being withheld from its citizens. According to the latest Natural News health blog, "When a single state in America must now pay over half a billion dollars per month just to barely keep up with what it owes the medical system, you know something has gone terribly wrong and the system is unsustainable." "Illinois is being bankrupted by Big Pharma," continues Natural News publisher Mike Adams who is an advocate of Natural Medicine and healing practices not acceptable to the Federal Drug Administration, “because Americans are being held captive by the...
  • Watch: Is Montel Williams a Shill for Big Pharma, Or Just an idiot?

    06/27/2017 11:20:35 AM PDT · by davikkm · 13 replies
    IWB ^ | Mark Angelides
    In a recent interview with CNN’s Newsroom with Brook Baldwin, Montel Williams took the opportunity to express how angry he feels about the new Health Care Act. And while debate from every side should be present in the formulation of legislation, his comments suggest that he is either willfully ignoring the acts, or is perhaps just ignorant. In the opening lines he says: “They (the Republicans) want to go back and see if they can find a less expensive medication; well the bottom line is There Is No Less Expensive Medication”. And then goes on to say that they are...
  • Are Big Pharma gifts to physicians an expensive problem, or a red herring?

    06/23/2017 2:07:19 PM PDT · by huldah1776 · 29 replies
    Washington Examiner ^ | June 23, 2017 | Brian C. Joondeph
    Physicians are influenced by marketing. That's no surprise. So are most consumers, as evidenced by television and radio commercials, billboards, pop up ads and targeted ads for drugs on your computer screen. Big Pharma markets not only to physicians, but also directly to consumers. In a recent Washington Post op-ed, Dr. Nicole Van Gronigen made the case that Big Pharma successfully influences physician prescribing behavior via marketing. Specifically, drug reps do with with free lunches provided by the pharmaceutical reps, or educational dinners at nice restaurants. She reported a JAMA study correlating industry-sponsored meals with increased promotion of branded medication...
  • Pharmaceutical Giants Caught Supplying Cartels With Tons of Bulk Ingredients to Produce Meth

    04/17/2017 10:45:52 AM PDT · by LTC.Ret · 144 replies
    Quote the article: "Prosecutors in Belgium have recently announced that executives with pharmaceutical companies based in the country will be charged with knowingly providing drug cartels with prescription drugs that were used to manufacture methamphetamine. . . . accused of providing the Mexican drug kingpin Ezio Figueroa Vazquez with several tons of ephedrine . . . seven executives who were charged with crimes . . . company made two shipments of two million pills containing pseudoephedrine in 2006 . . . big pharma drug Adderall is nearly identical to crystal meth . . .the only place to get massive quantities...
  • Mom furious after daughter implanted with dangerous contraception on school trip

    04/16/2017 10:33:25 PM PDT · by Morgana · 63 replies
    Life Site News ^ | April 12, 2017 | Fr. Mark Hodges
    TULSA, Oklahoma, April 12, 2017 (LifeSiteNews) — An Oklahoma mother allowed her daughter to go on an educational field trip only to have her return with a three-year chemical contraceptive implant inside her arm. Langston Hughes Academy hosts an annual sex-ed class by Youth Services of Tulsa. When Miracle Foster's daughter wanted to learn more, she allowed her to visit the clinic. But Youth Services of Tulsa is part of the Tulsa Area Teen Pregnancy Prevention Collaborative, whose PregNOT program began in 2010 with $1.5 million in tax funding from the Obama Health and Human Services' Office of Adolescent Health....
  • The Hidden Monopolies That Raise Drug Prices

    03/30/2017 8:25:35 AM PDT · by Heartlander · 7 replies
    American Prospect ^ | March 28, 2017 | David Dayen
    The Hidden Monopolies That Raise Drug Prices How pharmacy benefit managers morphed from processors to predators David Dayen March 28, 2017 Rob Frankil of Sellersville, Pennsylvania, followed his father into the family business after college. “My entire life,” he said, “I’ve been involved with managing and owning independent pharmacies.” He now owns two stores, a traditional community pharmacy and another that caters to long-term care facilities.Like any retail outlet, Frankil purchases inventory from a wholesale distributor and sells it to customers at a small markup. But unlike butchers or hardware store owners, pharmacists have no idea how much money they’ll...
  • PINKERTON: A New Vision for Big Pharma and for the American Patient in the Trump Era

    02/22/2017 4:47:54 AM PST · by davikkm · 13 replies
    breitbart ^ | JAMES P. PINKERTON
    First of Four Parts… The Pharma Companies In the Crosshairs During last year’s presidential campaign, candidate Donald Trump said that if elected, he would save the federal government billions by forcing the pharmaceutical companies to negotiate—that is, lower—their prices. On January 11, 2017, President-elect Trump said that the pharma companies were “getting away with murder” in their pricing, and reiterated his demand for new competition policies aimed at bringing down costs. On January 31, President Trump met face-to-face with top executives and offered a more nuanced exposition of his thinking. First, he reiterated his oft-expressed point about the value of...
  • Printed human body parts could soon be available for transplant

    02/09/2017 12:43:50 AM PST · by 2ndDivisionVet · 11 replies
    The Economist ^ | January 28, 2017
    EVERY year about 120,000 organs, mostly kidneys, are transplanted from one human being to another. Sometimes the donor is a living volunteer. Usually, though, he or she is the victim of an accident, stroke, heart attack or similar sudden event that has terminated the life of an otherwise healthy individual. But a lack of suitable donors, particularly as cars get safer and first-aid becomes more effective, means the supply of such organs is limited. Many people therefore die waiting for a transplant. That has led researchers to study the question of how to build organs from scratch. One promising approach...
  • Bernie Sanders Admits Pharmaceutical Industry Owns Democratic Party

    02/08/2017 12:09:22 AM PST · by Fedora · 26 replies
    CNN ^ | 02/02/2017 | CNN
    Sanders speaking, 1:37:34 into video: "What's going on? What's going on is the pharmaceutical industry owns the United States Congress. And in all fairness, I will admit, it's not just Republicans. They have a huge influence over the Democratic Party as well."
  • Trump poses challenge to Ireland with belligerence on Big Pharma [nuacht bréagach]

    01/12/2017 7:30:53 AM PST · by Olog-hai · 1 replies
    Irish Times ^ | 01/11/2017 | Dominic Coyle, Laura Slattery
    US president-elect Donald Trump has thrown down a major challenge to Ireland by using his first press conference since winning the White House to target the pharma and medtech sectors. Hailing his recent success in persuading a number of major car manufacturers to route new investment into the United States rather than to Mexico under threat of substantial import tariffs, Mr. Trump turned his attention to drug manufacturers. “We’ve got to get our drug industry back,” the incoming US president said. “Our drug industry has been disastrous. They’re leaving left and right. They supply our drugs, but they don’t make...
  • 'I'm Smarter Than They Are': Underground Chemist Says Police Losing Fentanyl Battle

    11/27/2016 3:02:36 PM PST · by nickcarraway · 33 replies
    CBC ^ | Nov 26, 2016 | Jon Hernandez
    In new documentary, B.C. drug producer known as Beeker says fentanyl is just the beginningA B.C. drug producer known as Beeker says underground chemists are steps ahead of the police when it comes to the movement of illicit drugs on the streets. Beeker is the subject of a new documentary, Unstoppable: The Fentanyl Epidemic, in which he opens up about the big business behind the drug. He says police are far behind when it comes to tracking drugs throughout the province, and he says many local chemists are synthesizing drugs with materials ordered from China. "I'm smarter than they are...