FDA Approved

Paul Fassa – Federal Government Works with Pharmaceutical Companies to Prevent Natural Cures

In the United States today, the federal government controls which substances can be used to treat diseases, and which ones cannot. In general, only pharmaceutical drugs which can be patented are allowed. In many cases, either the FDA decides certain health claims about natural substances are invalid and bans it, or the DEA claims certain plants, such as cannabis, are …

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Martha Rosenberg – Pharma Prepares for Profit Party under Trump

Even before a Clinton concession speech, Pharma stocks were hopping and Wall Street saluting over a Trump administration. No pesky price regulation over drugs like EpiPen! No pesky safety regulation over blood thinning drugs like drug Xarelto, linked to 500 deaths. No speed bumps when Pfizer et al seeks to dodge U.S. taxes by incorporating overseas–the same taxes that fund …

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Deirdre Fulton – Big Pharma Preps to Spend Hundreds of Millions to Keep Drug Prices High

Facing an increasingly outraged public, the leading Big Pharma lobby group is hiking its annual dues by more than 50 percent as it prepares to defend its pharmaceutical company members against lawmakers and voters who want to rein in out-of-control drug prices. Politico reported Tuesday that “PhRMA hopes to improve its public image next year and stave off any legislative …

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Paul Buchheit – Five Deadly Sins of Big Pharma

For Mylan, it was a perfect plan—diabolical, unstoppable. The company made changes in its anti-allergy EpiPen dispenser in 2009, enough to give it patent protection. Then, in 2012, it began to give away free pens to schools, gradually making school nurses at least partly dependent on them. Meanwhile the company was successfully lobbying for the “Emergency Epinephrine Act,” commonly referred to as the “EpiPen Law,” …

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The (Bill) Clinton Team’s Secret Meeting on CEO Compensation

Naked Capitalism readers are familiar with the fact that CEO compensation exploded starting in the 90s, and that this explosion was related to a shift towards companies providing compensation in the form of stock options.  A major cause of the shift was Bill Clinton’s 1993 move to make executive comp deductible from corporate income taxes only when given as stock options. Let’s say that one …

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Michael Winship – Trading Politics for Medical Profits

Cash and carry has become nothing more than standard operating procedure in politics and government, and it’s wrecking the republic. The whole system is rotten to the core, corrupted by big business and special interests from the seventh son to the seventh son. Or daughter, as we learned these past few days when the news introduced us to Heather Bresch, …