Feeds:
Posts
Comments

Archive for March 3rd, 2018

Infamous Drug Cartels

USA Today reported in its February 13, 2018, edition that “The five biggest opioid manufacturers shelled out more than $10 million to patient advocacy groups, professional medical societies and affiliated individuals – who then “echoed and amplified” messages that encouraged use of those highly addictive drugs, which set the stage for the opioid epidemic.

That is according to a Senate committee investigation, released Monday, that examined the financial ties between the pharmaceutical industry and outside groups from 2012 through 2017.”

The five corporations investigated by the committed were Purdue Pharma, Jassen Pharmaceuticals, Mylan, Depomed and Insys Therapeutics. In terms of global sales in 2015, these are the world’s biggest opioid drug makers.

These corporations gave their millions to such recipients as U.S. Pain Foundation, the National Pain Foundation and the Academy fo Integrative Pain Management. The report finds that the American Academy of Pain Medicine and American Pain Society “…promoted opioids as safe and effective for treating chronic pain and minimized the risk of addiction.” The report also points out that “…the Academy of Pain Medicine and the Center for Practical Bioethics spoke out against federal efforts to limit opioid prescribing.” Apparently, the bioethics of those who receive industry money is on the side of the industry. The industry and all their paid flunkies and flunkie organizations are as corrupt as the representatives of the US government, which is the most corrupt government in the industrialized world.

Note in the very first quote above listed “affiliated individuals” as recipients who received some of that $10 million in cash. Those folks are called medical doctors. Apparently, they are being paid to prescribe opioids to patients.

The day the report was released, bad citizen and opioid manufacturer Purdue announced: “…its employees will no longer visit doctors’ offices to pitch opioids, and it will cut its sales force by half to 200.” We will never know how many pharmaceutical salespeople offered thousands of doctors a little under the table money on behalf of their employers to prescribe opioids with abandon and without common sense to unsuspecting patients, and all for a little extra and perhaps unreported cash.

Democratic Senator Claire McCaskill, who launched the investigation, “called Purdue’s announcement “‘a major step forward’ but said the Senate report is ‘the tip of the iceberg’ in terms of how drug company money shapes health care policy debates and legislative outcomes.” In other words, Big Pharma is still calling the shots in the halls of Congress and in the white house, as well as determining what is said in the corporate news media and what politicians of both major political parties say.

The greater the opioid crisis in fueling addiction, the greater are the profits of the big drug manufacturers. Affluent shareholders and millionaire top executive officers would be far less wealthy without the opioid addictions they have created through the use of their money and corruption.

Mylan’s share price rose from $6.26 in 2008 to $42.14 on February 16, 2018. Depomed’s share price rose from $1.49 in 2008 to $7.44 on February 16, 2018. Isays has dropped 400+ percent since 2008. Janssen and Purdue are privately held companies. Without the sale of opioids, these companies would be in far worse financial positions nowadays.

The rich have corrupted your government, disarmed the US Constitution in the process, and created an addiction that redistributes the health of members of the 99 percent straight into their own pockets via greater corporate profits, rising share prices and surging dividends. The affluent and their corporations have fueled the crisis, and not a soul that I am aware of is going to prison for bribery or conspiracy to create a public health crisis.

That is how corrupt your government has become over the last thirty-five years. Corporate profits, share prices, and dividends are more important than human health. Just ask any Republican politician in Washington D.C. and most Democratic Party members, as well.

Read Full Post »

%d bloggers like this: