SINCE the FDA changed the rules of drug approvals so that a 10% improvement in a study group is enough to get an approval from them. This translate that even if 9 out out 10 persons dies or has an adverse reactions to the drugs, the company typically has a 5 yr lead time to maximize their profits before the bodies starts piling up and the victims and their lawyers comes knocking.
So within a 5-10 yr cycle after the drug is released, the company makes a financial killing as the bodies starts dropping and at the 5 yr mark when the victims claims has piled up, the company has already set aside enough for litigation & settlements.
Though this is a bit long winded, but I present my case to say that BIG PHARMACY only needs to be right 10% of the time, thanks to a very corrupt FDA system.
I still think it's very bad that those big shot executive get rich while people are dropping dead from the drug they are peddling as a cure!
“This translate that even if 9 out out 10 persons dies or has an adverse reactions to the drugs, the company typically has a 5 yr lead time to maximize their profits before the bodies starts piling up and the victims and their lawyers comes knocking.”
That is truly ignorant. The FDA monitors adverse events, and any uptick in deaths or injuries from anything medtech leads to immediate action. Recalls, forced plant shutdowns, even arrests.
10% better does not mean that 9 out of 10 can have adverse reactions or die. Your statement is completely false.