Three drugmakers will pay $122.6 million to resolve claims they used charities that help cover Medicare patients’ out-of-pocket drug costs as a way to pay kickbacks aimed at encouraging use of their medications, including some expensive ones. The U.S. Justice Department on Thursday said Jazz Pharmaceuticals Plc, Lundbeck and Alexion Pharmaceuticals Inc were the latest […]
Pharma Exec Convicted of $100M Fraud Scheme…
A pharmaceutical executive was found guilty of fraud Monday when Miami federal jurors found that he used $100 million worth of phony receivables as collateral to obtain loans that his company failed to repay, leading to the collapse of one of Puerto Rico’s biggest banks. Jack Kachkar, the former chairman and CEO of Inyx Inc., […]
23andMe’s Pharma Deals Have Been the Plan All Along…
Since the launch of its DNA testing service in 2007, genomics giant 23andMe has convinced more than 5 million people to fill a plastic tube with half a teaspoon of saliva. In return for all that spit (and some cash too), customers get insights into their biological inheritance, from the superficial—do you have dry earwax […]
Justice Department to Target Opioid Manufacturers, Distributors in New Push to Curb Deadly Epidemic…
Attorney General Jeff Sessions announced Tuesday that a new task force would target drug manufacturers and distributors for their roles in the opioid epidemic, raising the possibility of filing criminal charges against them. The Justice Department also said it would file a statement of interest in hundreds of lawsuits against drug companies brought by cities, […]
“America Uses 30x More Opioids Than Is Medically Necessary for a Population Its Size”…
Perhaps America does not need Russia to “hack its democracy” and destroy “American exceptionalism”, perhaps the US is perfectly capable of unleashing social, economic and political devastation within its border without anyone’s help; perhaps the surge in mass shootings has little to do with gun availability (see homicides in Chicago and Baltimore where guns are […]
Big Pharma’s War on Our Children: 1 Million Kids Under Age 6 on PSYCHIATRIC Drugs…
In the United States, there are one million children under the age of six on psychiatric drugs. This number is particularly disturbing, considering the horrifying side effects and ineffectiveness of a good number of these types of harmful drugs. One in six Americans overall regularly take some type of medication in this category. However, children […]
This Drug Was Once Free. Now It Costs a WHOPPING $109,500 a Year…
For four decades, Don Anderson of Seattle has been taking the same drug to help control the temporary bouts of immobility and muscle weakness caused by a rare and frightening genetic illness called periodic paralysis. “It’s like putting a 50-pound pack on your back and standing up at the dinner table,” Anderson, 73, said. “It’s […]
Forcing Trump’s Hand, Sanders and Dems Intro Bill to Lower ‘Outrageous’ Drug Prices…
Challenging President Donald Trump to make good on his professed desire to take on the pharmaceutical industry—which he has said is “getting away with murder”—Sen. Bernie Sanders (I-Vt.) joined several top congressional Democrats on Wednesday in introducing legislation that would tackle some of Big Pharma’s “outrageous abuses” by permitting the Department of Health and Human […]
The Drug Industry’s Triumph Over the DEA…
In April 2016, at the height of the deadliest drug epidemic in U.S. history, Congress effectively stripped the Drug Enforcement Administration of its most potent weapon against large drug companies suspected of spilling prescription narcotics onto the nation’s streets. By then, the opioid war had claimed 200,000 lives, more than three times the number of […]
How the DEA’s Efforts to Crack Down on the Opioid Epidemic Were Derailed (VIDEO)……
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