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Thu May 19, 2016, 08:06 PM

A favor - as a 15 year DU member I ask you to read this. BIG PHARMA "Pharma Bro" & Chariites

Source: Bloomberg Businessweek.


I was contacted about this story and did not comment. Ben Elgin is a top notch researcher/writer and you should Google his articles - oil, pharma, etc. - if he found me connected to this issue he is really top notch. We had a Facebook message conversation and he sent me a hand written letter. I used to work for one of these charities.

How Big Pharma Uses Charity Programs to Cover for Drug Price Hikes


Bloomberg Businessweek

Thatís just a fraction of the total cost. Turingís new price for an initial six-week course of Daraprim is $60,000 to $90,000. Who pays the difference? For Medicare patients, U.S. taxpayers shoulder the burden. Medicare doesnít release complete data on what it pays pharmaceutical companies each year, but this much is clear: A million-dollar contribution from a pharmaceutical company to a copay charity can keep hundreds of patients from abandoning a newly pricey drug, enabling the donor to collect many millions from Medicare.


When Turing bought Daraprim and sought to boost its annual revenue from $5 million to more than $200 million, the use of patient-aid funds was considered essential, internal company documents show. Last May, as the company did its due diligence before the purchase, one executive warned in an e-mail that new, high copays would force toxoplasmosis patients to seek alternative drugs.

A yearís supply of Gleevec can be produced for less than $200, according to Andrew Hill, a researcher at the University of Liverpool. When the drug was introduced, in 2001, its U.S. price was $30,000 a year. At that level, it would have recouped its development costs in just two years, according to a letter from 100 cancer specialists, published in the medical journal Blood in 2013. The price is now up to $120,000 a year in the U.S. (Itís priced at drastically different rates around the world: $25,000 a year in South Africa, for example, and $34,000 a year in the U.K.)

In December the inspector general gave a favorable advisory opinion to Caring Voice Coalition, a charity that attracted $131 million in contributions last year. Five former managers and employees say Caring Voice favored drug companies that were donors over those that werenít. Patients who needed donor companiesí drugs got help quickly, the former staff members say, while patients who had the same disease but used another companyís drug were sometimes steered away or wait-listed. The former employees asked that their names not be used because they signed nondisclosure agreements or they feared backlash from the charityís executives.

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Reply A favor - as a 15 year DU member I ask you to read this. BIG PHARMA "Pharma Bro" & Chariites (Original post)
underpants May 2016 OP
Doctor_J May 2016 #1
Baobab May 2016 #7
elleng May 2016 #2
Bluenorthwest May 2016 #4
Downwinder May 2016 #3
silvershadow May 2016 #5
KT2000 May 2016 #6

Response to underpants (Original post)

Thu May 19, 2016, 08:42 PM

1. PHARMA is an enemy of the country. And unfortunately...

 

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Response to Doctor_J (Reply #1)

Thu May 26, 2016, 04:01 PM

7. The average prescription costs $0.11 (eleven cents) to make one month's supply-Good links

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Response to underpants (Original post)

Thu May 19, 2016, 09:19 PM

2. Despite her rhetoric, big pharma likes Hillary.

'The pharmaceutical industry has donated $589,344 to Hillary Clinton's campaign, according to the nonprofit research group Center for Responsive Politics. That's more than any other candidate ó despite Clinton's proclamation that she's proud to call the pharmaceutical industry her enemy.'

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Response to elleng (Reply #2)

Fri May 20, 2016, 07:48 AM

4. The first ACT UP action was on Wall St in 1987 and aimed at Big Pharma

 

NO MORE BUSINESS AS USUAL!
Come to Wall Street in front of Trinity Church
at 7AM Tuesday March 24 for a
MASSIVE AIDS
DEMONSTRATION
To demand the following

1. Immediate release by the Federal Food & Drug Administration of drugs that might help save our lives.

These drugs include: Ribavirin (ICN Pharmaceuticals); Ampligen (HMR Research Co.); Glucan (Tulane University School of Medicine); DTC (Merieux); DDC (Hoffman-LaRoche); AS 101 (National Patent Development Corp.); MTP-PE (Ciba-Geigy); AL 721 (Praxis Pharmaceuticals).

2. Immediate abolishment of cruel double-blind studies wherein some get the new drugs and some don't.

3. Immediate release of these drugs to everyone with AIDS or ARC.

4. Immediate availability of these drugs at affordable prices. Curb your greed!

5. Immediate massive public education to stop the spread of AIDS.

6. Immediate policy to prohibit discrimination in AIDS treatment, insurance, employment, housing.

7. Immediate establishment of a coordinated, comprehensive, and compassionate national policy on AIDS.

President Reagan, nobody is in charge!
http://www.actupny.org/documents/1stFlyer.html

Hillary has claimed that Reagan started the AIDS actions and discussions, that LGBT did nothing at all until the brave Reagans showed us how.

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Response to underpants (Original post)

Thu May 19, 2016, 09:41 PM

3. That covers me. I get help from PAN.

There is no way I can afford the donut hole. I'm through it by March but then it shows up again next year.

What is the choice?

I don't make the rules.

I don't choose the medication.

I don't set the price.

I tried doing without for there months and life wasn't worth living. When the Dr. found out he corrected the problems.

They are so worried about kickbacks and collusion that nobody can tell you anything.

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Response to underpants (Original post)

Fri May 20, 2016, 05:09 PM

5. Big pharma is part of the Petro-chemical industry with Big Oil. They are siblings. nt

 

Last edited Thu May 26, 2016, 02:27 PM - Edit history (1)

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Response to silvershadow (Reply #5)

Thu May 26, 2016, 11:26 AM

6. yes - and we should all be concerned

about the consolidation of these companies such as the nightmare of Bayer and Monsanto. We are headed back to the days of Farben.

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