Big Pharma

Big Pharma is the nickname given to the world’s vast and influential pharmaceutical industry and its trade group, the Pharmaceutical Research and Manufacturers of America or PhRMA. Big Pharma and medical device companies make billions of dollars every year selling drugs and devices — including those that were recalled or involved in fraud or product liability lawsuits. The global revenue for pharmaceuticals was over $1 trillion in 2014. But nowhere else in the world do the drug and medical device industries have as much power and make as much money as in the U.S. In fact, Americans spent an all-time high of $457 billion on prescription drugs in 2015. By 2020, it will be $610 billion. Medical devices are also lucrative. The U.S. makes up about half of the world’s share of the market at about $148 billion, according to the U.S. Department of Commerce.

Meanwhile, drug prices continue to rise. Consulting firm Segal Consulting expects drug prices for Americans under age 65 to rise 11.6 percent in 2017. In contrast, wages are only expected to rise 2.5 percent, leaving many American unable to afford their medications. Big Pharma even contributes heavily to the annual budget of the U.S. Food and Drug Administration (FDA) through application fees (user fees) for its new products. Experts say the industry contributes about two thirds of the FDA’s budget. Five of the top 10 pharma and medical device companies for 2016 are headquartered in the U.S.: Johnson & Johnson, Pfizer, Merck, Gilead and AbbVie.

The underside of the industry reveals a history of fraud, bribery, product liability lawsuits and scandals that led to billions in settlements — a known cost of doing business for these companies who are “too big to jail.” Despite criminal charges and fines, the companies continue to do business. The majority of drugs and medical devices have ties to a small group of parent companies. Prescription drugs and devices manufactured by these companies bring in billions in profits. The biggest drug makers may also have subsidiaries that manufacture medical devices. Pharmaceutical companies are typically larger and make more money than companies that focus on medical devices.

Read More…

Chronological History of Big Pharma Corruption

 

WikiHow Posts Article Teaching Children How to “Get Vaccinated in Secret” defying“Anti-Vaxxer” Parents

WikiHow Posts Article Teaching Children How to “Get Vaccinated in Secret” defying“Anti-Vaxxer” Parents

The WikiHow website, a hub for how-to information, has joined the other evil tech giants by going all-in with vaccine propaganda that poses a very real danger to the health and safety of children. The site now features a dangerous article that teaches children how to scheme against their own parents and stage fake cover stories to get vaccinated with toxic vaccines that even the U.S ...
Read More
42 Million Babies Aborted in 2019, Now the Leading Worldwide Cause of Death

42 Million Babies Aborted in 2019, Now the Leading Worldwide Cause of Death

According to the tracking service, Worldometers, 42 million abortions were carried out around the world in 2019. For another year, abortion became the leading cause of death in the world. As of December 31, Worldometers recorded 42.4 million abortions, which represented more than half the total number of deaths by every other cause (58.6 million). Lifesite News reported that abortions “dwarfed every individual cause of death, including overall deaths due ...
Read More
Top U.N. Scientist Admits Vaccines Killing People During ‘Vaccine Safety Summit’

Top U.N. Scientist Admits Vaccines Killing People During ‘Vaccine Safety Summit’

A top scientists for the United Nations admitted in leaked video that vaccines are dangerous and are killing some individuals, just days after assuring the public that vaccines were one of the safest tools humanity has. Dr. Soumya Swaminathan, the Chief Scientist of the World Health Organization, admitted that some vaccines are killing people during the WHO Global Vaccine Safety Summit last December in Geneva, Switzerland ...
Read More
Report: New drug-pricing data shows stunning hikes—one whopping 667% increase

Report: New drug-pricing data shows stunning hikes—one whopping 667% increase

Big Pharma’s business model is working great…for them. They are racking in billions getting people hooked on their drugs and then hiking the prices up 667% in some cases. According to ARS Technica, new drug-pricing data is showing massive and stunning hikes. One drug’s price has risen by a whopping 667%. This price hike is well over the cost of inflation. By law, drug makers are ...
Read More
Johnson & Johnson ordered to pay man $8 BILLION over drug causing him to grow breasts

Johnson & Johnson ordered to pay man $8 BILLION over drug causing him to grow breasts

A Philadelphia jury on Tuesday said that Johnson & Johnson (J&J) must pay $8 billion in punitive damages to a man over his claims that a drug manufactured by the US firm caused him to grow breasts. The verdict in favor of Nicholas Murray, 26, came first in one of thousands of Risperdal cases pending in Pennsylvania. Murray, like other male plaintiffs in the mass tort ...
Read More