Posts Tagged ‘pharmaceuticals’

Trump’s Golf Buddy Owns the ‘Miracle Drug’ Company He Touts

October 9, 2020

Video by The Lincoln Project.

After returning from Walter Reed’s deluxe Presidential Suite to another exclusive, publicly-funded clinic at 1600 Pennsylvania Avenue, Donald Trump hyped an experimental antibody cocktail he’s on. It’s called REGN-COV2, but he thinks it’s called Regeneron, since that’s the name of the firm that makes it. Regeneron’s CEO, Dr. Leonard Schleifer, is Mr. Trump’s golf buddy and Westchester neighbor.

In a remarkable coincidence, Regeneron was awarded a $450 million contract to manufacture and supply a few thousand doses of the antibody treatment as part of “Operation Warp Speed,” the federal government’s Covid-19 vaccine program. REGN-COV2 is not a vaccine, it’s a monoclonal antibody cocktail. REGN-COV2 is still in trials, and has not been approved for use by the FDA. Even if the the drug cocktail is proven effect in treating or preventing COVID-19, there is no way a monoclonal antibody drug could be produced in sufficient quantities to be broadly available to America, let alone the world, meaning it might just go to the rich and powerful. Even though Trump didn’t pay for his antibody treatments, don’t think you’ll get them for free.

After the president’s White House infomercial, Regeneron’s stock price is surging.

More:

“Trump pushes FDA to quickly clear coronavirus antibody treatments, erroneously calling them a ‘cure,’” Carolyn Y. Johnson, Laurie McGinley and Josh Dawsey, Washington Post

“Trump is promising free antibody treatments for everyone. It won’t be that simple.” Zachary Brennan, Politico

“Regeneron execs go on a whirlwind media tour after Trump takes COVID-19 antibody cocktail,” Beth Snyder Bulik, Fierce Pharma

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Purdue Pharma Succombs to Lawsuit Overdose

September 17, 2019

Purdue Pharma Succombs to Lawsuit Overdose

Purdue Pharma, the drug company that made billions pushing the prescripton opioid OxyContin, is dying of unnatural causes. The firm has filed for bankruptcy in an attempt to stave off responsibility for claiming its flagship pharmaceutical was nonaddictive, and aggressively marketing it to physicians. The firm is currently defending itself in 2,600 lawsuits blaming the company for the opioid epidemic that kills 130 American every day.

More:

“Purdue Pharma, drugmaker accused of fueling the opioid epidemic, files for bankruptcy,” Christopher Rowland, Washington Post

“OxyContin Maker Purdue Pharma Files for Bankruptcy to Wipe Out 2,000 Lawsuits,” Jef Feeley and Steven Church, Bloomberg

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Purdue Pharma: OxyContin Poisoning

March 6, 2019

Purdue Pharma: OxyContin Poisoning

The pill pushing firm behind the opioid epidemic is ODing on lawsuits.

“OxyContin maker Purdue Pharma LP is exploring filing for bankruptcy to address potentially significant liabilities from roughly 2,000 lawsuits alleging the drugmaker contributed to the deadly opioid crisis sweeping the United States, people familiar with the matter said on Monday.”

— “OxyContin maker Purdue Pharma exploring bankruptcy -sources,” Mike Spector, Jessica DiNapoli, Nate Raymond, Reuters

More:

“Report: Purdue Pharma exploring Chapter 11 bankruptcy filing,” Alaric DeArment, MedCityNews

“One of America’s richest families is accused of profiting from the nation’s opioid crisis,” Tony Marco, CNN

“Allegations Against the Maker of OxyContin Are Piling Up. Here’s What They Could Mean for the Billionaire Family Behind Purdue Pharma,” Jamie Ducharme, Time

Update:

“Oklahoma judge refuses to delay first trial of responsibility for opioid crisis,” Lenny Bernstein, Washington Post

Related:

“Doctor Who Wrote 1980 Letter On Painkillers Regrets That It Fed The Opioid Crisis,” Taylor Haney and Andrea Hsu, NPR

“Purdue Pharma taps a Gilded Age history of pharmaceutical fraud,” Jonathan S. Jones, The Conversation

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Rx Drugs: Timed-Release Bribery?

July 9, 2018

Rx Drugs: Timed-Release Bribery?

“An analysis by the publication Science has ‘found widespread after-the-fact payments or research support’ from pharmaceutical companies to expert officials who advised the Food and Drug Administration to approve those companies’ drugs.”

— “Pharma companies pay FDA advisers after drugs are approved,” Bob Herman, Axios

More:

“Hidden conflicts? Pharma payments to FDA advisers after drug approvals spark ethical concerns,” Charles Piller and Jia You, Science

“Majority of doctors who oversee FDA drug approval receive payments from companies they monitor, report shows,” Clark Mindock, The Independent

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A Pill for All Your Needs

October 9, 2016

“With this groundbreaking, clinically proven treatment, you can simply sit back, relax, and let your mind do the rest.”

Directed by Elizabeth McDonough and Myles Kane; written by Elizabeth McDonough and Kate McManus.

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Antibiotics & Superbugs

March 31, 2016

Antibiotics & Superbugs

Antibiotics were first hailed as wonder drugs. Wonder why they don’t work anymore? Over-prescription.

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Just What the Doctor Ordered: No TV Drug Ads

November 20, 2015

Just What the Doctor Ordered: No Drug Ads on TV

Pharmaceutical marketers spend almost $5 billion a year on U.S. television commericals and magazine ads.

“On Tuesday, the American Medical Association called for a ban on consumer advertisements for prescription drugs and medical devices, an attempt to help customers make the best, most affordable health care choices, the group said. The AMA claims drug advertisements create high demand for the expensive treatments that patients see on TV and online, when alternative low-cost medical solutions may be available and more effective.”

— “American Medical Association wants to ban ads for prescription drugs,” Loren Grush, The Verge

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Caffeine In US Soda Pop Is From China’s Drug Factories

March 27, 2014

Caffeine In US Soda Pop Is From China's Drug Factories

Used in moderation, caffeine is a harmless eye-opening stimulant. But it’s a drug, and a tablespoon of pure caffeine will kill you. Plants produce the stuff as an insecticide, and it’s most concentrated in coffee beans, kola nuts, pekoe tea, and yerba mate.

So what’s the source of the caffeine in America’s soft drinks? Pharmaceutical factories in China, mostly.

More:

“Wake Up And Smell The Caffeine. It’s A Powerful Drug,” NPR

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Image (“Blogs Go Better with Coke!”) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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Dr. Goldacre’s American House Call

February 6, 2013

Dr Goldacre's American House Call

Writer and physician Ben Goldacre is coming to the USA and Canada this month:

“Ben Goldacre’s Bad Pharma North American Tour,” Scott Gavura, Science-Based Pharmacy

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Don’t Worry, There’s a Cure

May 11, 2011

Don't Worry, There's a Cure

At last, a treatment for Dysphoric Social Attention Consumption Deficit Anxiety Disorder. Ask your doctor.

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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