Johnson & Johnson fined $2.2bn to settle drug cases

[wehateporn]

Not even the tip of the iceberg, but at least it fires a warning shot to the rest of Big Pharma

http://www.bbc.co.uk/news/business-24811664

"Drugs giant Johnson & Johnson has agreed to pay more than $2.2bn (£1.4bn) to settle allegations over its marketing techniques, the Justice Department has said.

The firm is alleged to have paid incentives to doctors and pharmacies to promote three of its medicines.

These included anti-psychotic drugs Risperdal and Invega, as well as heart drug Natrecor.

The firm also allegedly promoted the drugs for uses not officially allowed.

While US doctors can prescribe medicines as they see fit, pharmaceutical companies cannot advocate any use of their drugs that has not been approved by the Food and Drug Administration (FDA).

It is the third biggest settlement involving a drugs firm in US history.

It is intended to resolve both civil and criminal allegations involving the drugs at both state and federal level across the US."

[wehateporn]

Or maybe not

Sick system: Record $11 bln fines do not deter pharma giants from crime
http://rt.com/news/drugs-fines-corporations-crime-671/


Disgusting: Even huge $11 billion fines don't stop Big Pharma
http://www.sott.net/article/266963-D...top-Big-Pharma

Big Pharma?s Big Fines
http://projects.propublica.org/graphics/bigpharma

[sandman!]

all a cost of doing bizzz

[wehateporn]

Originally Posted by sandman!

all a cost of doing bizzz

This

[brassmonkey]

the maimed and dead made it better for future victims i mean users

[Vendzilla]

With Obamacare, I'll bet it's going to get worse

[wehateporn]

Originally Posted by Vendzilla

With Obamacare, I'll bet it's going to get worse

Obamacare Will Bring Drug Industry $35 Billion In Profits

"Despite expiring patents on blockbuster drugs and a wave of new regulation from the Affordable Care Act that will cost drug makers, the pharmaceutical industry will reap between ?$10 billion and $35 billion in additional profits over the next decade,? a new analysis shows...."

http://www.forbes.com/sites/brucejap...on-in-profits/

[dyna mo]

saw a commercial recently for a pill that will grow your eyebrows thicker or back or something. i did what the tv told me and made a mental note to ask my doctor if it's right for me.

[wehateporn]

Originally Posted by dyna mo

saw a commercial recently for a pill that will grow your eyebrows thicker or back or something. i did what the tv told me and made a mental note to ask my doctor if it's right for me.

Yes, a very dirty trick of theirs

[Rochard]

Originally Posted by wehateporn

Obamacare Will Bring Drug Industry $35 Billion In Profits

"Despite expiring patents on blockbuster drugs and a wave of new regulation from the Affordable Care Act that will cost drug makers, the pharmaceutical industry will reap between ?$10 billion and $35 billion in additional profits over the next decade,? a new analysis shows...."

http://www.forbes.com/sites/brucejap...on-in-profits/

And you don't think they'll make that money no matter what?

[Vendzilla]

Originally Posted by wehateporn

Obamacare Will Bring Drug Industry $35 Billion In Profits

"Despite expiring patents on blockbuster drugs and a wave of new regulation from the Affordable Care Act that will cost drug makers, the pharmaceutical industry will reap between ?$10 billion and $35 billion in additional profits over the next decade,? a new analysis shows...."

http://www.forbes.com/sites/brucejap...on-in-profits/

I keep reading some of the things that Obamacare is going to do for us, it seems it will benefit the poor at the cost of the working class, plain and simple. I mean, for the most part it will cost more, but that's nothing compared the deductibles and co pays, Geez. Most plans even after the deductibles only cover 70%.

[wehateporn]

Originally Posted by Vendzilla

I keep reading some of the things that Obamacare is going to do for us, it seems it will benefit the poor at the cost of the working class, plain and simple. I mean, for the most part it will cost more, but that's nothing compared the deductibles and co pays, Geez. Most plans even after the deductibles only cover 70%.

It's a complete scam drawn up by Big Pharma themselves, from their point of view they want their toxic and addictive drugs being sold to everyone = huge increase it profits, if someone is too poor to afford them, don't allow that to be a barrier, rob from the working class, middle class and wealthy, use their money to pay yourself. Insurance companies are laughing as well, there was never any need to bring them into this, if this were really there for the people you wouldn't need private insurance companies in the middle taking their 40% + 'skim', you'd just keep all the money in a govenment 'health' pot.

[Vendzilla]

Originally Posted by wehateporn

It's a complete scam drawn up by Big Pharma themselves, from their point of view they want their toxic and addictive drugs being sold to everyone = huge increase it profits, if someone is too poor to afford them, don't allow that to be a barrier, rob from the working class, middle class and wealthy, use their money to pay yourself. Insurance companies are laughing as well, there was never any need to bring them into this, if this were really there for the people you wouldn't need private insurance companies in the middle taking their 40% + 'skim', you'd just keep all the money in a govenment 'health' pot.

And for the people that think Big Government didn't just take over the Health Care System, think about this, they have control over what plans are acceptable now, remember that when you're a guy and have coverage for mammograms

[SilentKnight]

Originally Posted by wehateporn

Not even the tip of the iceberg, but at least it fires a warning shot to the rest of Big Pharma

Big pharmas don't give a shit about fines.

It all gets passed along to the consumer in one form or another.

They'll just jack the prices of their products.