Wednesday, August 18, 2010

Big Pharma Attacks - the prequel to "throw Mama from the train"


Big Pharma Attacks - the prequel to "throw Mama from the train"

Via pharmagossip

Not much commentary needed for this article, it's just a little truth speak and wake up call from Europe that in America has been conveniently ignored do to greed and corruption that permeates our government, regulatory bodies, academia, main stream media, false advocacy organizations, and the medical system.

http://www.pharmacyeurope.net/default.asp?title=Drugindustryaccusedofcomplicity&page=article.display&article.id=22681

Drug industry accused of complicity

Wednesday 18th August 2010


The global pharmaceutical industry is little more than a "market for lemons" that dupes doctors and patients about the effectiveness of its products, a report has said.

Professor Donald Light made a series of controversial allegations against so-called "Big Pharma" in his report, "Pharmaceuticals: A Two-Tier Market for Producing 'Lemons' and Serious Harm", in which he accused pharmaceutical companies of downplaying the side effects of drugs while over-promoting their benefits.

The industry enjoys the safety of the specialist knowledge that goes into producing drugs and exploits it to its advantage, making it simply a "market for lemons", he said.

Prof Light, a professor of comparative health policy at the University of Medicine and Dentistry in New Jersey, said: "Sometimes drug companies hide or downplay information about serious side effects of new drugs and overstate the drugs' benefits.

"Then, they spend two to three times more on marketing than on research to persuade doctors to prescribe these new drugs. Doctors may get misleading information and then misinform patients about the risks of a new drug. It's really a two-tier market for lemons."

The author made the accusations at the American Sociological Association's annual meeting in Atlanta, Georgia, during which he also accused "Big Pharma" of owning independent drug testing companies and hiding behind legal "firewalls" that protect them from questions over the effectiveness of their products.

He said 85% of new drugs pose more harm than good to patients, adding that the "relatively low bar" for effectiveness means that drug companies can push through drugs for approval too easily

Update: Stephany asked in the comment section for the SEE-Quel or Sero-Quel:I would hate to disappoint my readership, so here you go...



2 comments:

Stephany said...

Can't wait for the SEE-QUEL to come out! LOL!!

Radagast said...

Did you see the comment that the industry's lobbying arm, the ABPI, came out with? Something to the effect that Light was making a whole bunch of allegations, but had nothing to back it up?

Well, if there's no evidence, then in part this is a consequence of Pharma refusing to publish all of its trials, a point made by NICE, amongst others. However, I've asked many, many times for somebody to explain to me (with evidence!), what the benefit of Seroxat (Paxil), is, but the only available evidence suggests that it's no better than placebo, as Light says.

Anyway, it'll be interesting to see if Light has given voice to something that others have wanted to say, and a groundswell of opinion is created.

Matt

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