Business of Medicine
Pharma – corrupt practices
Bayer Settles Multi-Million With Hemophiliacs Over HIV Tainted Blood
The Coalition Against Bayer pharmaceuticals (CBG) announces that Bayer and Baxter settled a mulit-million dollar compensation suit with hemophiliacs in 22 countries who were victims, infected with HIV or hepatitis C having been infused with tainted blood plasma products in the 1980s. In 2003, The New York Times reported that a division of Bayer pharmaceutical…
Read More1991-2010 Enormous Scale of Pharma Criminal Fraud Settlements
From 1991-2000 qui tam law suits accounted for only 9% of settlements with the government. But from 2001-2010, qui tam settlements comprised 67% of the billions in payouts
Read MoreGlobalization of Pediatric Drug Trials–For Whose Benefit?
There is no evidence to indicate that children have been the beneficiaries of the Pediatric Exclusivity Provision of FDAMA (enacted in 1998): there is evidence that pharmaceutical companies have increased their profits from the legislation by at least $14 billion.
Read MoreAna Cantu was a Human Guinea Pig in a Drug Trial for $4,800
"The study started out with 20 subjects…For about a week there were 14 subjects. Then they started dropping…Now, we’re down to 7."
Read MoreAvandia Face-Off_GSK–Dr. Steven Nissen
GSK Executives: "frankly, the last thing we want to do is get into a public debate about whose analysis is right."
Read MoreCriminal Drug Marketing Remains an Issue
In December, 2009, Bloomberg News published an investigative report by David Evans reported, "Big Pharma’s Crime Spree" documenting major court settlements: "Pfizer, Eli Lilly & Co., Bristol-Myers Squibb Co. and four other drug companies have paid a total of $7 billion in fines and penalties. Six of the companies admitted in court that they…
Read MoreBIG PHARMA’s CRIME SPREE
Rather than having a deterrent effect, the number of Big Pharma high profile criminal settlements is increasing and the settlements are getting bigger.
Read MoreAmericans Hostage to Profit-Driven Healthcare System
America’s profit-driven medical paradigm overdiagnoses illness and garners profits from unnecessary treatment.
Read MoreMerck Paid Elsevier to Publish Phony Peer-Review Journal
Merck is reported to have created a fake "peer-reviewed" journal to present favorable data that made its potentially fatal drugs–Fosamax and Vioxx–look good.
Read MoreWhy big pharma mergers magnify failures_Haseltine_Atlantic
"Radical restructuring, not merger mania, is the need of our time." Dr. William Haseltine
Read More“Eli Lilly and the Case for the Corporate Death Penalty”
"The corporate death penalty may be appropriate in cases involving recidivist violators, corporations that are deemed to be incapable of reform (i.e. inherently criminogenic)…"
Read MoreAstraZeneca: “Smoke-and-Mirror Jobâ€
The unsealed documents reveal that AstraZeneca “buried” unfavorable studies that showed Seroquel posed a serious risk for diabetes.
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