Report on fraud a bitter pill for Pfizer, GlaxoSmithKline

From Trading Markets.com
http://www.tradingmarkets.com/news/s...e-1377123.html

…”Pfizer, along with Glaxo, Eli Lilly & Co. and Schering-Plough, accounted for more than half of the $19.8 billion in fines imposed against pharmaceutical companies under the federal False Claims Act in the past two decades, the report said. Three-quarters of all these penalties have occurred in just the past five years,
…”Pfizer…, paid $2.3 billion in fines last year for illegal marketing of the pain medication Bextra and other drugs. The penalties included a $1.2 billion criminal fine, said to be the largest in U.S. history.
"Recent billion-dollar settlements with two of the largest pharmaceutical companies in the world, Eli Lilly and Pfizer, provide evidence of the enormous scale of this wrongdoing," an executive summary of the report said…”

HAT TIP to mystery man at New Merck Reviewed at: http://anewmerckreviewed.wordpress.c...ublic-citizen/

hmmm
so government made $19.8 Billion, added to the cost of pills.
Those billions should go to research

the present situation is lucrative for gov as well as pharma, good system for all except us

hand over the penalty money

Just by way of comparison, the criminal penalties were close to $20 billion dollars over twenty years, but 75%, or $15 Billion of that was in the past five years. That's three billion dollars per year in penalties..
... research on Parkinson's is $200 Million per year. (Of course the money would have to be for all types of medical research, not just Parkinson's....) Another comparison - the $15 Billion in fines and penalties over 5 years would fund Parkinson's research at its present levels for the next 75 years. Or, of we DOUBLED the budget for PD research, the fund would still last for 37 years.
But of course the money goes to the government. As with Pharma , what incentive does government have to fight these diseases when it brings them in billions per year. The pills that we take are feeding an awful lot of people who don't care if we starve. The billions of dollars are collected by increasing the cost of the pills. Government and Pharma divide up the cash.
It's a big industry that is profitable for everyone except us.

http://www.ushmm.org/research/librar...al_experiments

So how do we convince them thast PD research is the way to go? (If we can answer that, we'll be wealthy - and maybe even cured!) lol

lou lou - I just noticed your quote: "Resolve to be tender with the young, compassionate with the aged, sympathetic with the striving, and tolerant with the weak and the wrong. Sometime in your life you will have been all of these"

That is AWESOME!

Happy Holidays! Gotta go make some goodies!
Peg