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Pfizer, the world’s largest drug maker, will pay a record $2.3bn (£1.4bn) civil and criminal penalty over unlawful prescription drug promotions, the US Justice Department announced today.
The department said the $2.3bn settlement included a $1.2bn criminal fine, the largest criminal fine in US history. The agreement also included a criminal forfeiture of $105m.
Hat [...]
Major depressive disorder affects approximately 15 million American adults in the U.S. in a given year, and a first pharmacological line of defense is often a prescription for an SSRI such as Prozac, Celexa, or Zoloft. (These drugs have been favored since the late 1980s for the treatment of depression as [...]
Well, actually, I’m sure there’s more than one thing. Like, for example, we can assume they both make backroom deals, and they both know that money talks.
But there’s something else.
Both are unfairly trashing the legitimacy of licensed Canadian pharmacies — real, honest-to-goodness, brick-and-mortar pharmacies that have been inspected and approved to sell [...]
The pharmaceutical industry, through its lobbying group PhRMA, has promised to cut drug prices for certain Medicare Part D recipients and others by $80 billion over the next decade. In return, the Obama Administration has promised not to reform the pharmaceutical industry — no new regulations, no Medicare negotiation for lower drug prices, no drug [...]
I’ve guess I’ve finally come back to my senses.
After years of being cynical about our political system’s capability of doing anything but accumulating debt, I somehow thought Obama could make a difference. I thought, among other things, that meaningful healthcare reform was finally on its way.
But the system itself is more powerful [...]
It hadn’t really occurred to me, until I read a great rant by Jen Huntley in the Reno News & Review the other day, just how completely the web of Big Pharma envelops our lives.
In other words, Big Pharma doesn’t just provide us drugs when we get sick. Big Pharma also [...]
Can I make a suggestion to you? When some political blowhard on TV or the radio tells you something, don’t automatically believe it. Do your research to learn the facts for yourself, OK?
You see, pundits and politicians lie. And they hope you’ll be so accepting of their carefully crafted talking points that you [...]
You probably didn’t see it in the news — since it got about 1/1000th of the coverage received by Sarah Palin spatting with David Letterman and Spencer and Heidi quitting “I’m a Celebrity … Get Me Out of Here” — but a noteworthy legal settlement occurred last week.
A major drug wholesaler, McKesson Corp., and [...]
Motley Fool has an interesting take on the public’s current perceptions of the pharmaceutical industry — and the reasons behind those perceptions:
Is there a pill to cure bad PR? Not that I know of, but the health-care industry, and pharma in particular, could certainly use one. The sharply rising cost of [...]
The AARP’s annual report on prescription drug prices, released last week, reveals that pharmaceutical manufacturers raised prices on the most popular brand-name drugs by 8.7 percent in 2008 — well over twice the rate of inflation.
According to the AP:
AARP’s report highlighted growing costs of what it said were the 219 most [...]
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