Showing posts with label pharma. Show all posts
Showing posts with label pharma. Show all posts

Tuesday, March 20, 2012

Flu Crazy 200 - The Largest Pharmaceutical Companies in the world, by size

Flu Crazy 200 - The Largest Pharmaceutical Companies in the world, by size

Johnson    & Johnson
Pfizer Inc
Roche Holding    Ltd.
Novartis AG
Merck &    Co.,
GlaxoSmithKline    plc
Sanofi SA
Abbott Laboratories   
Novo-Nordisk A/S   
Bayer AG   
AstraZeneca plc   
Bristol-Myers Squibb Company
Amgen,Inc.   
Eli Lilly   
Teva Pharmaceutical Industries
Gilead    Sciences,Inc.
Takeda Pharmaceutical Company
Celgene    Corporation
Allergan,Inc
McKesson Corporation   
Astellas Pharma    Inc.
Shire PLC   
CSL Ltd.   
Fresenius SE
Alexion    Pharmaceuticals, Inc.
Valeant    Pharmaceuticals    International,
Cardinal Health, Inc.
Daiichi    Sankyo    Company
Eisai Co.,Ltd.
Sun Pharmaceutical Industries
Regeneron Pharmaceuticals, Inc.
AmerisourceBergen Corporation   
Mylan Inc
Chugai Pharmaceutical Co
Perrigo    Company   
Vertex Pharmaceuticals Inc
Forest Laboratories,Inc
Elan Corporation plc
Life Technologies Corporation
Herbalife Ltd.   
Mitsubishi Tanabe Pharma
UCB S.A.
Watson Pharmaceuticals,    Inc.
Taisho Pharmaceutical Holdings
Merck KGaA
Ono Pharmaceutical Co
Aspen Pharmacare Holdings
Kyowa Hakko Kirin
Grifols    S.A.   
Hospira,Inc   
Yunnan Baiyao Group
Dr. Reddy's Laboratories
Shanghai Pharmaceuticals Holding
Actelion Ltd.   
Jiangsu    Hengrui    Medicine
Shionogi & Co
Cipla Ltd
Kangmei    Pharmaceutical    Co.,
IDEXX    Laboratories,    Inc.
Shandong    Weigao    Group
Lupin    Limited   
Hisamitsu    Pharmaceutical    Co.,
Dainippon    Sumitomo    Pharma
Endo    Pharmaceuticals    Holdings
Warner    Chilcott    PLC
Galenica    AG   
H.    Lundbeck    A/S
BioMarin    Pharmaceutical    Inc.
PT    Kalbe    Farma
GlaxoSmithKline    Pharmaceuticals    Ltd
Dabur    India    Ltd
Santen    Pharmaceutical    Co.,
Sichuan    Kelun    Pharmaceutical
Ranbaxy    Laboratories    Ltd.
Tianjin    Tasly    Pharmaceutical
Chr.    Hansen    Holding
Celesio    AG   
Shenzhen    Hepalink    Pharmaceutical
Richter    Gedeon    Nyrt.
Beijing    Tongrentang    Co.,
Orion    Oyj   
Salix    Pharmaceuticals    Ltd
Medipal    Holdings    Corp
Shanghai    Fosun    Pharmaceutical
Suzuken    Co.,    Ltd.
Cadila    Healthcare   
Jilin    Aodong    Medicine
China    Resources    Sanjiu
A    Meda    AB
Jazz    Pharmaceuticals    PLC.
Techne    Corporation   
United    Therapeutics    Corporation
Amylin    Pharmaceuticals,    Inc.
Hualan    Biological    Engineering
ARIAD    Pharmaceuticals,    Inc.
ONYX    Pharmaceuticals,    Inc.
Krka,    tovarna    zdravil,
Harbin    Pharmaceutical    Group
Zhejiang    Hisun    Pharmaceutical
Questcor    Pharmaceuticals,    Inc.
Shijiazhuang    Yiling    Pharmaceutical
Seattle    Genetics,    Inc.
Qualicorp    SA
Ipsen    SA   
Hikma    Pharmaceuticals    plc
Miraca    Holdings    Inc.
Fleury    S.A.   
Alkermes    Public    Limited
GlaxoSmithKline    Consumer    Healthcare
Kobayashi    Pharmaceutical    Co.,
Denki    Kagaku    Kogyo
Medicis    Pharmaceutical    Corporation
ViroPharma,    Inc.  
Genomma    Lab    Internacional
Tsumura    &    Co.
Vivus,    Inc.    United
Divi's    Laboratories    Ltd.
Nippon    Kayaku    Company
Huadong    Medicine    Co.,
Beijing    SL    Pharmaceutical
Gansu    Yasheng    Industrial
BTG    plc    United
Guilin    Jiqi    Pharmaceutical
Zhejiang    Medicine    Co.,
STADA    Arzneimittel    AG
Pharmacyclics,    Inc.   
Sawai    Pharmaceutical    Co.,
Shenzhen    Salubris    Pharmaceuticals
S&P    Pharmaceutical    Co
Piramal    Healthcare    Limited
Glenmark    Pharmaceuticals    Ltd
Theravance,    Inc.  
Tieling    Newcity    Investment
Zhangzhou    Pientzehuang    Pharmaceutical
Taro    Pharmaceutical    Industries
Human    Genome    Sciences,
Recordati    S.p.A.   
Impax    Laboratories    Inc.
Wuhan    Humanwell    Healthcare
Financiere    de    Tubize
Chongqing    Zhifei    Biological
DiaSorin    S.p.A.   
Beijing    Double-Crane    Pharmaceutical
Opko    Health    Inc.
Inner    Mongolia    Yili
Kyorin    Holdings    Inc
Ironwood    Pharmaceuticals    Inc.
China    Shineway    Pharmaceutical
Almirall    S.A.   
Amarin    Corporation    plc
Adcock    Ingram    Holdings
Corporativo    Fragua,    S.A.
Rohto    Pharmaceutical    Co.,
Guangzhou    Pharmaceutical    Co
Mochida    Pharmaceutical    Co.,
Toho    Holdings    Co.,
Par    Pharmaceutical    Companies,
Halozyme    Therapeutics,    Inc.
Kaken    Pharmaceutical    Co.,
Tibet    Urban  Development
Virbac    SA
Jiangxi    Jiangzhong  Pharmaceutical
Tempo    Scan    Pacific,
Wockhardt    Ltd.   
China    Medical    System
Guilin    Sanjin    Pharmaceutical
Scinopharm    Taiwan,    Ltd.
Shanghai    RAAS    Blood Products Co
BB    Biotech    AG
Sartorius    Stedim    Biotech
Akorn,    Inc.    United
Xizang    Haisco    Pharmaceutical
Guizhou    Bailing    Group
Kissei    Pharmaceutical    Co.,
Tibet    Cheezheng Tibet Medicine Co, Inc.
The Medicines    Company
AstraZeneca    Pharma   
Zhejiang    Huahai    Pharmaceutical
Green    Cross    Corp
Jiangsu    Wuzhong    Industrial

Monday, March 7, 2011

Japan suspends use of pediatric vaccines from Pfizer & Sanofi

Bloomberg is reporting that the Japanese ministry of health has suspended the use of pediatric vaccines from Sanofi Aventis (SAN.PA) and Pfizer (NYSE: PFE), following the deaths of four children, between March 2 and March 4.

Pfizer's Prevenar and Sanofi's ActHIB have been suspended in Japan at least until tomorrow, until a panel can meet to discuss the deaths.

Prevnar is used to protect children from meningitis and pneumonia. While ActHIB is used to prevent Haemophilus influenzae type b.

The Bloomberg article can be found here:
http://www.bloomberg.com/news/2011-03-07/japan-stops-use-of-pfizer-sanofi-vaccines-on-four-deaths-1-.html

Sunday, March 6, 2011

About Allergan, Inc (NYSE: AGN)

About Allergan, Inc. (NYSE: AGN)

2525 Dupont Drive
Irvine, California, 92612

I.R.S. Employer Identification No.: 95-1622442

website: http://www.allergan.com/index.htm

Total Revenue: $ 4,919,400,000 (2010)

About Allergan (from Form 10-K):

We are a multi-specialty health care company focused on developing and commercializing innovative pharmaceuticals, biologics, medical devices and over-the-counter products that enable people to live life to its greatest potential — to see more clearly, move more freely and express themselves more fully. Our diversified approach enables us to follow our research and development into new specialty areas where unmet needs are significant.

We discover, develop and commercialize specialty pharmaceutical, biologics, medical device and over-the-counter products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, obesity intervention, urological and other specialty markets in more than 100 countries around the world. Our diversified business model includes products for which patients may be eligible for reimbursement and cash pay products that consumers pay for directly. Based on internal information and assumptions, we estimate that in fiscal year 2010, approximately 71% of our net product sales were derived from reimbursable products and 29% of our net product sales were derived from cash pay products.

We are a pioneer in specialty pharmaceutical, biologic and medical device research and development, with global efforts targeting products and technologies related to eye care, skin care, neuromodulators, medical aesthetics, obesity intervention, urology and neurology. In 2010, our research and development expenditures were approximately 16.7% of our product net sales or approximately $804.6 million. We supplement our own research and development activities with our commitment to identify and obtain new technologies through in-licensing, research collaborations, joint ventures and acquisitions.

We were founded in 1950 and incorporated in Delaware in 1977. Our principal executive offices are located at 2525 Dupont Drive, Irvine, California, 92612, and our telephone number at that location is (714) 246-4500. Our Internet website address is www.allergan.com.









FDA Accused of going soft on Allergan (AGN)
http://flucrazy.blogspot.com/2011/03/fda-accused-of-going-soft-on-allergan.html

200 Largest Pharmaceutical Companies in the World

http://flucrazy.blogspot.com/2011/02/flucrazy-200-200-largest-pharmaceutical.html

Report warns parents against over treating fever

A recent report in the journal "Pediatrics" may not prove to be very popular with parents and some caregivers. The authors contend that in most cases fever in children is a good thing and helps normalize body temperature, and in and of itself is not particularly dangerous.

Further, the study suggests that it is not a good idea to wake a child just to treat them with ibuprofen or acetaminophen.

"Fever" accounts for upwards of one-third of all trips to the pediatrician. Yet, parents may be over reacting to these symptoms and may be over treating their children (and are subject to "fever phobia"). The study asserts that the main goal in treating a fever is simply to make the child more comfortable, not to lower temperature.


The full report can be found here:
http://bit.ly/foAUE1

Excerpt:

SUMMARY

Appropriate counseling on the management of fever begins by helping parents understand that fever, in and of itself, is not known to endanger a generally healthy child. In contrast, fever may actually be of benefit; thus, the real goal of antipyretic therapy is not simply to normalize body temperature but to improve the overall comfort and well-being of the child. Acetaminophen and ibuprofen, when used in appropriate doses, are generally regarded as safe and effective agents in most clinical situations. However, as with all drugs, they should be used judiciously to minimize the risk of adverse drug effects and toxicity. Combination therapy with acetaminophen and ibuprofen may place infants and children at increased risk because of dosing errors and adverse outcomes, and these potential risks must be carefully considered. When counseling a family on the management of fever in a child, pediatricians and other health care providers should minimize fever phobia and emphasize that antipyretic use does not prevent febrile seizures. Pediatricians should focus instead on monitoring for signs/symptoms of serious illness, improving the child's comfort by maintaining hydration, and educating parents on the appropriate use, dosing, and safe storage of antipyretics. To promote child safety, pediatricians should advocate for a limited number of formulations of acetaminophen and ibuprofen and for clear labeling of dosing instructions and an included dosing device for antipyretic products.

China Vaccine Regulators Are Now WHO Certified

China's national regulatory authority, the "State Food and Drug Administration" (SFDA), has been found to meet requirements for a functional vaccine regulatory system, per published indicators. According to a report by the World Health Organization, Chinese vaccine manufacturers will now be eligible for prequalification of specific products. The addition of Chinese vaccines to the world market is expected to "have a significant, beneficial impact on global supply of vaccines of assured quality."

http://www.who.int/immunization_standards/vaccine_regulation/nra_china_functional/en/

Excerpts from the report:

"A WHO-led team concluded today, at the end of a comprehensive review by experts from six countries, that the national regulatory authority of China, the State Food and Drug Administration (SFDA), and affiliated institutions, meet WHO published indicators for a functional vaccine regulatory system."

"Effective regulatory oversight of vaccines is essential since vaccines are used on a population-wide basis, and are usually given to healthy infants. Furthermore, vaccines are produced in only a small number of countries and often exported from the country of manufacture to many countries. Countries importing vaccines need to be confident that the national regulatory authority in the country of origin is competent in its oversight. WHO has established benchmarks that define international expectations for a functional vaccine regulatory system. WHO also conducts regular external audits of national regulatory authorities, particularly in vaccine-producing countries, to ensure that the regulatory systems meet the necessary standards, and that the system is maintained and functions in a sustainable way."

"With a regulatory system for vaccines documented to comply with international standards, vaccine manufacturers in China are now eligible to apply for Prequalification of specific products. WHO prequalification, which is a guarantee that a specific vaccine meets international standards of quality, safety and efficacy, is a prerequisite for manufacturers to supply to countries through United Nations procuring agencies. Each application for prequalification of a specific product is independently evaluated by WHO. It is expected that vaccines from China could be prequalified 1-2 years from now. The eventual ability of United Nations procuring agencies to source vaccines from Chinese manufacturers is expected to have a significant, beneficial impact on global supply of vaccines of assured quality."

Monday, February 28, 2011

Should you get the flu shot? Probably not

There are good and valid reasons to get the annual seasonal flu shot, especially if you have an underlying medical condition such as asthma, heart disease, or a weakened immune system.

But, for the vast majority of healthy people (under the age of 65), there are also good and valid reasons NOT to get the annual influenza shot. Although some are distrustful of all vaccines, there are specific reasons to be wary of the influenza vaccine;

these include:

Complications related to the flu shot. Many people report feeling sick after getting the flu shot, and children have been reported to suffer from febrile seizures. Reports of narcolepsy and adverse reactions to the flu shot appear to be on the rise.

The flu shot is not entirely effective. You can still get the flu, even if you are vaccinated. So, while you incur the risks for adverse side effects you may still get the flu.

*  The effectiveness of the anti-flu treatment Tamiflu has been called into question, and it appears that it does not lessen hospital stays.  Further it appears some of the results of the trials were intentionally withheld when they painted a picture of doing exactly the opposite of the intended affect.  There was one trial that seemed to suggest that Tamiflu lessened the ability of the immune system to fight influenza. 


Lack of legal recourse (civil) especially in the US if you are harmed by the flu shot.  A US Supreme Court decision (BRUESEWITZ et al. v . WYETH LLC) sided with vaccine makers in a case involving a Pennsylvania girl who was denied a claim in vaccine court and was not allowed for file a claim in civil court. The fact is that if you lose your case in “vaccine court” you will have no further legal recourse. Some, including Supreme Court Justice Sotomayor, argue that there are now no serious consequences for vaccine manufacturers if they produce a faulty product and that no other industry in America has such a comprehensive “get out of jail free” card.

Most healthy people do not require hospitalization for the flu, even though suffering from the flu is uncomfortable.

Washing your hands frequently, eating healthy, and getting plenty of sleep are very good ways to avoid getting the flu.

The majority of health care providers (approximately 60%) choose NOT to get the flu shot every year. Even the risk of termination of their job is not great enough of a threat to convince them to risk getting the flu shot.  [ Edit note: in 2012, the numbers have improved.  One study shows that 60% + of health care providers are now getting the flu shot.  But, this improvement has happened after employers threatened termination for non-compliance.   The fact that so many health care providers are still leery of getting the flu shot speaks volumes. ]

Recommendations for getting the flu shot vary widely from country to country. For example, most countries in Europe only recommend those aged 65 or over get the flu shot (with no underlying medical condition).

The odds of dying from the flu are minuscule. The CDC’s numbers for mortality are suspect, at best. Influenza is grouped with pneumonia statistics, thus blurring any meaningful comparisons. But, even the CDC admits that most deaths occur among the elderly population, yet still insist that everyone (over 6 months of age) get the flu shot. The is especially at odds with reality, given that pediatric deaths associated with flu are now at historically low levels.

Valid reasons to mistrust government and pharmaceutical pronouncements, including the influence of money in the political process. The recent case of trial tests of the antibiotic drug “Trovan” on African children, allegedly without parental consent, illustrates problems with the industry. Recent news reports about past horrors amplify the point. *

Valid reasons to mistrust media outlets. Many newspapers, web sites, and television news programs are beholden to vast pharmaceutical advertising dollars. Anyone who questions the necessity of flu shots is instantly branded a kook or “dangerous.” An outlet that does not follow the party line risks losing advertising dollars to other programs that are not so choosy about what they publish.

Not all flu shot formulas are the same. Risks vary by formula. The nasal flu shot, Flumist, contains a live, albeit weakened, influenza virus.

So, we will continue to remain skeptical of the CDC's blanket recommendation that everyone over the age of 6 months get the flu shot.

As with all medical decisions, you should ask your doctor if you should get the flu shot. But, also ask him/her if they have gotten the flu shot themselves.

Hopefully they will be honest with you.


See also: Flu Shots: Panacea or Propaganda? http://www.huffingtonpost.com/dr-mark-hyman/flu-shots-panacea-or-prop_b_831696.html

*AP IMPACT: Past medical testing on humans revealed
http://www.washingtonpost.com/wp-dyn/content/article/2011/02/27/AR2011022700988.html

Friday, February 25, 2011

Flu Vaccine Recommendations for UK, Germany, France, Spain, Italy

Flu Vaccine Recommendations for UK, Germany, France, Spain, Italy

Unlike the US, where the CDC recommends that nearly everyone over 6 months of age get the annual seasonal influenza shot, many other countries only recommend the shot (or, "the jab" as it is known in the UK) for person's aged 60 or older. In fact, most reserve the recommendation for people over 65 (with no underlying medical condition).

The US stands in sharp contrast, where the recommendation is that "everyone 6 months and older should get a flu vaccine each year starting with the 2010-2011 influenza season."
http://www.cdc.gov/media/pressrel/2010/r100224.htm

By contrast, the Europeans suggest that only those with underlying medical conditions (and not as many as in the US) and those over 65 get the shot.

It is not clear what the leading driver is for this disparity. It could be a number of factors, including; influence of the large pharmaceutical companies, legal structures (in the US vaccine makers shielded from civil liability), structural and political reasons, or, perhaps just hysteria.


Source: www.eurosurveillance.org

http://www.eurosurveillance.org/images/dynamic/EE/V15N44/MERECKIENE_Tab1.jpg

Tuesday, February 22, 2011

Vaccine makers shielded from suits says Supreme Court

In a 6-2 vote, the Supreme Court today ruled that vaccine makers cannot be sued outside of a specially designated "vaccine court," created by National Childhood Vaccine Injury Act of 1986.

The justices apparently struggled with some ambiguities in the law, with Justice Scalia writing that the "lack of guidance for design defects [in the drugs] combined with the extensive guidance for the grounds of liability specifically mentioned in the act strongly suggests that design defects were not mentioned because they are not a basis for liability."

However, Justice Sotomayer (with Justice Ginsburg) dissented, saying that
to "pre-empt all design defect claims against vaccine manufacturers for covered vaccines, the majority’s decision leaves a regulatory vacuum in which no one—neither the FDA nor any other federal agency, nor state and federal juries—ensures that vaccine manufacturers adequately take account of scientific and technological advancements.

This concern is especially acute with respect to vaccines that have already been released and marketed to the public. Manufacturers, given the lack of robust competition in the vaccine market, will often have little or no incentive to improve the designs of vaccines that are already generating significant profit margins. Nothing in the text, structure, or legislative history remotely suggests that Congress intended that result."


Links to the Supreme Court decision can be found: here.

The ruling was in response to a case brought by the Bruesewitz family, against Wyeth (now owned by Pfizer, Inc), in which the Breusewitz's claimed that their infant daughter was harmed by toxins in a booster shot.

Friday, February 18, 2011

About Pfizer Inc (NYSE: PFE)

Pfizer, Inc (NYSE: PFE)

About Pfizer, Inc*

235 East 42nd Street, New York, New York 10017
(212) 733-2323

Reveune: $67.8 billion (2010)

I.R.S. Employer Identification Number:
13-5315170


Pfizer Inc. (which may be referred to as Pfizer, the Company, we, us or our) is a research-based, global biopharmaceutical company. We apply science and our global resources to improve health and well-being at every stage of life. We strive to set the standard for quality, safety and value in the discovery, development and manufacture of medicines for people and animals. Our diversified global health care portfolio includes human and animal biologic and small molecule medicines and vaccines, as well as nutritional products and many of the world’s best-known consumer health care products. Every day, we work across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases of our time. Consistent with our responsibility as the world’s leading biopharmaceutical company, we also collaborate with other biopharmaceutical companies, health care providers, governments and local communities to support and expand access to reliable, affordable health care around the world.
The Company was incorporated under the laws of the State of Delaware on June 2, 1942.

On October 15, 2009, we completed our acquisition of Wyeth. The acquisition was a cash-and-stock transaction valued, based on the closing market price of Pfizer’s common stock on the acquisition date, at $50.40 per share of Wyeth common stock, or a total of approximately $68 billion.

In response to the challenging operating environment, we have taken many steps to strengthen our Company and better position ourselves for the future. The most important of these steps was the acquisition of Wyeth, which has transformed us into a more diversified health care company, with product offerings in human and animal health, including vaccines, biologics, small molecules and nutrition across developed and emerging markets. We believe that our acquisition of Wyeth meaningfully advances, in a single transaction, each of the strategic priorities that we have identified and pursued over the last two years, including:

• Enhancing the in-line and patent-protected pipeline portfolio in key “invest to win” areas of
research where there exist significant unmet medical needs and significant opportunities for innovation and market leadership, such as oncology, pain, inflammation, Alzheimer’s disease, psychoses and diabetes as well as the critical technologies of vaccines and biologics;

• Becoming a top-tier player in biotherapeutics by 2015;

• Accelerating growth in emerging markets;

• Creating new opportunities for established products;

• Investing in complementary businesses; and

• Creating a lower, more flexible cost base for the combined company.

*Source: Form 10-K

. . . . .








Pfizer and plaintiffs settle lawsuits
http://flucrazy.blogspot.com/2011/02/pfizer-inc-nyse-pfe-and-plaintiffs.html



200 Largest Pharmaceutical Companies in the World
http://flucrazy.blogspot.com/2011/02/flucrazy-200-200-largest-pharmaceutical.html

Thursday, February 17, 2011

Chimerix Awarded BARDA Contract for Development of Antiviral CMX001 Countermeasure Against Smallpox

Chimerix Awarded BARDA Contract for Development of Antiviral CMX001 Countermeasure Against Smallpox

According to the announcement, Chimerix, Inc, has been awarded a contract by the Biomedical Advanced Research and Development Authority (BARDA) for advanced development of its antiviral drug candidate, CMX001, as a medical countermeasure in the event of a smallpox release.

Excerpt:

"RESEARCH TRIANGLE PARK, N.C., Feb. 16, 2011 /PRNewswire/ --

Chimerix, Inc., a pharmaceutical company developing orally available antiviral therapeutics, today announced that it has been awarded a contract by the Biomedical Advanced Research and Development Authority (BARDA) for the advanced development of Chimerix's broad spectrum antiviral drug candidate, CMX001, as a medical countermeasure in the event of a smallpox release.

CMX001 is a potential dual-use therapeutic with evidence of antiviral activity against all five families of double-stranded DNA (dsDNA) viruses that cause morbidity and mortality in humans, including smallpox. Under the terms of the BARDA contract, Chimerix will receive committed funding of $24.8 million during the first year with subsequent option periods that, if completed, would bring the total contract value to $81.1 million.

The funding from BARDA builds upon the $37 million Chimerix previously received from the National Institute of Allergy and Infectious Diseases (NIAID) for development of CMX001 for smallpox, in addition to substantial private investment from top-tier venture capital firms for the development of CMX001 as a treatment for other life-threatening infections such as adenovirus and cytomegalovirus.

As part of progressing the clinical and non-clinical development of CMX001 for the smallpox indication, the BARDA contract will also support expanded human safety trials and the recently initiated CMX001-350 multicenter, open-label clinical study of CMX001 for the treatment of twelve life-threatening or serious conditions caused by dsDNA viruses. This represents Chimerix's first contract with BARDA and will position CMX001 for possible procurement as a medical countermeasure for the Strategic National Stockpile."

Read More at http://www.prnewswire.com/news-releases/chimerix-awarded-barda-contract-for-advanced-development-of-broad-spectrum-antiviral-cmx001-as-medical-countermeasure-against-smallpox-116318154.html

Thursday, February 10, 2011

Whistle Blowers – the new bounty hunters. How 4 men got rich exposing Pharma fraud

Claims processing company Ven-A-Care discovers fraud, reports the drug companies, and reaps millions.

As reported by CNBC, “the company began in the late 1980s as a home drug-infusion business. And as they processed drug claims with the government, they found something odd, says Patrick Burns, a spokesman for the non-profit group Taxpayers Against Fraud, who calls the founders of Ven-A-Care “American heroes.”
"What they discovered was that they were buying drugs for a buck and Uncle Sam was paying $5 for 'em,” Burns says. “Five-hundred percent markups, 1,000 percent markups, 2,000 percent markups that Uncle Sam was paying.”
Armed with that information, Ven-A-Care filed whistleblower suits against drug companies. And since 2001, the four men have forced drug companies to pay the federal government more than $1.3 billion dollars. Of that, the Ven-A-Care founders, known as “relators” in whistleblower jargon, got to keep $280 million dollars for themselves.”

http://www.cnbc.com/id/41491563?par=yahoo

Report says Pfizer (NYSE: PFE) will pay approx $ 330 million to settle claims related to the Prempro menopause drug.

A report by Bloomberg says Pfizer (NYSE: PFE) will pay approximately $ 330 million to settle claims related to the Prempro menopause drug.

http://www.bloomberg.com/news/2010-08-27/pfizer-settles-arkansas-prempro-case-before-retrial-over-punitive-damages.html

"The drugmaker faced more than 10,000 claims that its menopause drugs caused breast cancer prior the settlements, which were reached during the past five months, the people said. That number included more than 8,000 cases consolidated in federal court in Arkansas and other cases in state courts in Pennsylvania, Nevada and Minnesota."

Pfizer is facing numerous suits claiming that its hormone replacement therapy caused breast cancer.

Wednesday, January 19, 2011

Reuters reports development of intravenous flu treatment

GlaxoSmithKline begins a phase III study of its new intravenous flu treatment ("zanamivir") that they hope will compete with competitor pill, Tamiflu.

This is intended to treat the sickest patients, who may not have responded to other treatments.

The pharmaceutical giant is hoping to take market share away from rival Roche.

http://www.reuters.com/article/idUSTRE70I1RU20110119

Tuesday, January 18, 2011

Is the CDC in bed with big Pharma?

Ever since Wikileaks revealed that Big Pharma was caught spying on the World Health Organization (see: http://wikileaks.org/wiki/Big_Pharma_caught_spying_on_the_WHO), I have been pondering the question of the pharmaceutical industry's influence on the US Centers for Disease Control & Prevention (CDC). It has certainly been documented that various employee's have either received funding from the industry, or were previously employed by a pharmaceutical company. (*1) But, are recommendations for public health policies influenced by this money?

In contrast to most countries in the world, it is surprising that the US (via the CDC), , recommends that just about every citizen get the flu vaccine. The US is the only country that recommends people aged 50-60 get the flu shot. What does the US know that the rest of the civilized world does not? Perhaps it is how to get people who don't need the shot, to get it anyhow.

Putting aside Swine Flu, which does appear to be a threat to young children (and pregnant women), the Common Seasonal Flu can be tolerated by most adults, and is rarely fatal. And, historically, the fatality numbers (*2) provided by the CDC have been suspect at best (bundling Flu and pneumonia together).


1. http://www.lookgreat-loseweight-savemoney.com/swine-flu-hoax.html
2. http://articles.latimes.com/2010/aug/27/science/la-sci-flu-deaths-20100827