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Big Pharma mergers and acquisitions destroy industry innovation and harm patients

Big Pharma mergers and acquisitions destroy industry innovation and harm patients
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As society suffers, Big Pharma gets stronger and wealthier

https://www.afinalwarning.com/494936.html
(Natural News)
The mergers and acquisitions that are constantly taking place within Big Pharma and the United States “healthcare” system at large are helping the drug industry to rake in record profits, even as more lives than ever before are being destroyed in the process.
Rep. Katie Porter (D-Calif.) published a damning report on Jan. 29 outlining the horrors of this
deathcare system, and calling on Congress to enact “comprehensive, urgent reform” to fix it.
Entitled, “Killer Profits: How Big Pharma Takeovers Destroy Innovation and Harm Patients,” Porter’s report reveals how in just the past decade alone, the number of “large, international pharmaceutical companies (has) decreased six-fold, from 60 to 10.” ....

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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.” ....

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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.” ....

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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). ....

United States , Donald Trump , Brett Wilkins , Katie Porter Repkatieporter , Katie Porter , Big Pharma , Killer Profits , How Big Pharma Takeovers Destroy Innovation , Harm Patients , ஒன்றுபட்டது மாநிலங்களில் , டொனால்ட் துருப்பு , ப்ரெட் வில்கின்ஸ் , கேடீ போர்டர் , பெரியது பார்மா , கில்லர் ப்ராஃபிட்ஸ் , தீங்கு நோயாளிகள் ,