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New report from Rep Katie Porter reveals how big pharma pursues killer profits at the expense of Americans health

https://www.afinalwarning.com/495234.html (Natural News) Rep. Katie Porter on Friday published a damning report revealing the devastating effects of Big Pharma mergers and acquisitions on U.S. healthcare, and recommending steps Congress should take to enact “comprehensive, urgent reform” of an integral part of a broken healthcare system. (Article by Brett Wilkins republished from CommonDreams.org) The report, entitled  While pharmaceutical executives often attempt to portray such consolidation as a means to increase operational efficiency, the report states that “digging a level deeper ‘exposes a troubling industry-wide trend of billions of dollars of corporate resources going toward acquiring other pharmaceutical corporations with patent-protected blockbuster drugs instead of putting those resources toward’ discovery of new drugs.”

How Big Pharma Pursues Killer Profits at Americans Expense — Strategic Culture

February 2, 2021 © Photo: Wikimedia “Instead of spending on innovation, Big Pharma is hoarding its money for salaries and dividends,” the report says, “all while swallowing smaller companies, thus making the marketplace far less competitive.”  By Brett WILKINS Rep. Katie Porter (D-CA) on Friday published a damning report revealing the devastating effects of Big Pharma mergers and acquisitions on U.S. healthcare, and recommending steps Congress should take to enact “comprehensive, urgent reform” of an integral part of a broken healthcare system. The report, entitled “Killer Profits: How Big Pharma Takeovers Destroy Innovation and Harm Patients,” begins by noting that “in just 10 years, the number of large, international pharmaceutical companies decreased six-fold, from 60 to only 10.”

New Report From Rep Katie Porter Reveals How Big Pharma Pursues Killer Profits at the Expense of Americans Health

I mean, Canada technically disallows DTC advertising, but their system of having “separate” issue ads and no-content drug name advertising allows them to skirt the law - nobody is left very confused after watching a drug commercial that doesn’t mention the drug name, followed by an almost identical ad mentioning the name but with no content. And, if I’m not mistaken, a lot of straightforward American drug ads leak through uninhibited via cable television. I’m pretty sure our regulator doesn’t sim-sub every advertisement into compliance. I’m not defending DtC advertising. It’s nefarious. (At best it disturbs the doctor patient therapeutic relationship).

An imaginative leap in the Senaka Bibile tradition

news An imaginative leap in the Senaka Bibile tradition Daily News (via HT Media Ltd.) The SPMC (State Pharmaceuticals Manufacturing Corporation) will be manufacturing antibiotics in Sri Lanka soon. Though the news item was published in newspapers last week without much fanfare, this does not signify any run of the mill ordinary policy. Since Prof. Senaka Bibile conceived his plan for getting down affordable generic drugs – and since he started eschewing the overuse of various branded pharmaceuticals after establishing a drug formulary – Sri Lanka should have had a drug policy that was rationalized, and was operating on behalf of the poor.

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