Articles Tagged with big pharma

Several Pharmhigh-prices-300x200aceutical Companies Started 2018 by Increasing Drug Prices

Big Pharma rang in the New Year by having customers ring up higher drug prices at the checkout counter.  According to Stat News, several big-name drug makers hiked prices up nearly 10%.

Allergan (AGN) upped the price of 18 medicines by 9.5 percent. This particular number was reached to keep the drug maker to its pledge of “no double-digit” price hikes. The pledge was made as part of social contract issued over growing anger at the price of medication. Allergan did release a statement noting the new prices stay within the range of their pledge. They are one of the few drug companies to actually make the pledge.

watchdog-300x200An Australian Consumer Watchdog Agency Says Misleading Claims Will Ultimately Hurt the Public

An Australian Consumer Watchdog group is taking two big pharmaceutical companies to court. The Australian Competition and Consumer Commission says that Novartis (NVS) and GlaxoSmithKline (GSK) are making false claims about a topical gel and pocketing the profits.

Misleading the Public

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Free Speech Is a New Defense for Off-Label Drug Pitches and It’s Having Industry-Wide Ramifications

 It’s not unheard of for drugs to be developed for one ailment and be used to treat others.  It’s fairly common, after extensive research and testing, for drugs to be used to treat a blanket of issues.  However, another approach by big pharma is raising ethical and legal concerns and their new claims that their First Amendment rights of free speech allows them to market off-label purposes for drugs to doctors.  An article  by Keith A. Spencer in Salon,  highlights a recent case that used free speech to defend untested off-label drug claims.  The article was originally published on FairWarning and it says the new free speech defense is making waves in Washington.

The Caronia Case

 
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Big Pharma Knows How Laws Work and They Can Use Them Against the DEA

 Why did Congress, in the middle of the greatest drug crisis in the nation pass a law that stripped the Drug Enforcement Administration of its ability to sue companies violating drug distribution laws? The answer Massive millions of dollars contributed by lobbiests for the drug manufacturers and distributors and a unbridled propaganda campaign written and implemented in part by former DEA lawyers who went to work for private law firms representing the drug companies. The worst of American politics and lack of morality. These are the fact based conclusions of a joint 60 minutes and Washington Post investigation into the passage of a bill called “The Marino Law.”

The Undercutting Law