Saturday Night time Owls: Rep. Katie Porter releases report on the unhealthiness of Large Pharma mergers

Whereas pharmaceutical executives typically try to painting such consolidation as a method to extend operational effectivity, the report states that “digging a degree deeper ‘exposes a troubling industry-wide pattern of billions of {dollars} of company assets going towards buying different pharmaceutical companies with patent-protected blockbuster medicine as an alternative of placing these assets towards’ discovery of recent medicine.”

Merger and acquisition (M&A) offers are sometimes executed to “increase inventory costs,” to “cease rivals,” and to “purchase an modern blockbuster drug with an infinite potential income stream.”

“As an alternative of spending on innovation, Large Pharma is hoarding its cash for salaries and dividends,” the report says, “all whereas swallowing smaller firms, thus making {the marketplace} far much less aggressive.” […]

“Competitors is central to capitalism,” Porter said in a press launch introducing the report. “As our report exhibits, Large Pharma has little incentive to spend money on new, critically wanted medicine. As an alternative, pharmaceutical giants are free to dedicate their assets to buying smaller firms that may in any other case pressure them to compete.”

“Lives are on the road; it is clear the federal authorities must reform the way it evaluates healthcare mergers and patent abuses,” Porter added. […]

THREE OTHER ARTICLES WORTH READING


TOP COMMENTS  RESCUED DIARIES 

TWEET OF THE DAY

QUOTATION

“You by no means change issues by preventing the prevailing actuality. To alter one thing, construct a brand new mannequin that makes the prevailing mannequin out of date.” ~~Buckminster Fuller
 

BLAST FROM THE PAST

On this date at Each day Kos in 2003—No conclusive proof:

Effectively, whilst administration officers hype Powell’s “Adlai second” on the UN subsequent week, there’s nonetheless some dampening of expectations:

Officers cautioned that nobody photograph or piece of proof will conclusively show the administration’s case; as an alternative, they describe what they are saying will probably be an accumulation of damning particulars. ”What we’re exhibiting is a sample of habits,” a senior administration official mentioned. ”You are not going to have footage of warheads.

I believe I’m lastly resolved to the truth that warfare is inevitable. It is a disgrace that Bush is so hell-bent on going to warfare that he’ll threat the lives of 1000’s to take action, and all on circumstantial proof.

Clearly Saddam is a brutal dictator, and I am certain he is acquired issues to cover. However is he a risk to U.S. nationwide safety—price throwing away lives and treasure to depose? That case has not been made. And it will not be made. However that is irrelevant to an administration that retains utilizing discarded “proof” of a nuclear program (the aluminum tubes) and a hypothetical hyperlink to Al Qaeda to justify a warfare that even super-hawks like Regular Schwarzkopf will not purchase.

Related Articles

Boeing wins FAA approval for 737 Max electrical repair and notifies airways

An exterior view of an American Airways B737 Max airplane is seen as a person walks at Dallas-Forth Price Worldwide Airport in Dallas, Texas...

Find out how to Make a Fairy Backyard for Children | Wellness Mama®

Desk of Contents There’s one thing magical concerning the thought of a fairy backyard. It may be simply as a lot enjoyable to plan as...

Stay Connected

21,951FansLike
2,506FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Boeing wins FAA approval for 737 Max electrical repair and notifies airways

An exterior view of an American Airways B737 Max airplane is seen as a person walks at Dallas-Forth Price Worldwide Airport in Dallas, Texas...

Find out how to Make a Fairy Backyard for Children | Wellness Mama®

Desk of Contents There’s one thing magical concerning the thought of a fairy backyard. It may be simply as a lot enjoyable to plan as...

Portugal’s lodges see big spike in reserving requests after UK offers inexperienced gentle on worldwide journey

Beachgoers sunbathe and swim at a seaside in Portimao, Algarve area, Portugal.NurPhoto | NurPhoto | Getty PhotosLONDON — The tables have turned for the...