This Year Alone, Drug Industry To Lose $50 billion
This year alone, because of patent expirations, the drug industry will lose control over more than 10 megamedicines whose combined annual sales have neared $50 billion.
This year alone, because of patent expirations, the drug industry will lose control over more than 10 megamedicines whose combined annual sales have neared $50 billion.
The deeper problem is that current incentives reward drug companies to develop mainly new, but not better medicines at ever higher prices.
Essentially PhRMA won the right to continue bilking the beleaguered American taxpayer–a concession won under the Bush Administration which prohibited Medicare to negotiate prescription drug prices.
In its response to Sen. Grassley’s probe, The National Alliance on Mental Illness (NAMI) acknowledges that a majority of its funds over the last five years, 56% on average, have come from drug corporations.
The Hill , a newspaper covering congressional news, reports: "Sen. Chuck Grassley (Iowa) is considering leaving his powerful post as senior Republican on the Finance Committee so that he can become the highest-ranking Republican on the Judiciary panel. To avoid a dramatic shake-up, Grassley is hoping to strike a deal…
Dr. Margaret "Peggy" Hamburg, a former health commissioner in New York City, is the leading candidate to become FDA commissioner, the agency's top job, while Baltimore health chief Joshua Sharfstein is in line to become a deputy commissioner
The Washington Post suggests, the chance for success in overhauling US healthcare depends on President Obama's ability to keep the major–discordant–players on board.
This has the potential for restoring integrity to medicine by providing doctors and the public with impartial risk / benefit information about existing treatments devoid of commercial bias.
We are gratified that Texas Governor Rick Perry's Executive Order mandating HPV Vaccine Carries NO Force of Law! It's dead on arrival.
The WSJ confirms that Merck is "desperate" for funding streams and "vaccination across the U.S. would make Gardasil an automatic blockbuster."
American preteen girls have been designated to pay the price by exposing their bodies to risks of harm.
"I am so bothered by the speed by which adults are ready to put chemicals into little girls bodies without a full understanding of what harm those chemicals could cause in the short and long term.