Big Pharma

Big Pharma is the nickname given to the world’s vast and influential pharmaceutical industry and its trade group, the Pharmaceutical Research and Manufacturers of America or PhRMA. Big Pharma and medical device companies make billions of dollars every year selling drugs and devices — including those that were recalled or involved in fraud or product liability lawsuits. The global revenue for pharmaceuticals was over $1 trillion in 2014. But nowhere else in the world do the drug and medical device industries have as much power and make as much money as in the U.S. In fact, Americans spent an all-time high of $457 billion on prescription drugs in 2015. By 2020, it will be $610 billion. Medical devices are also lucrative. The U.S. makes up about half of the world’s share of the market at about $148 billion, according to the U.S. Department of Commerce.

Meanwhile, drug prices continue to rise. Consulting firm Segal Consulting expects drug prices for Americans under age 65 to rise 11.6 percent in 2017. In contrast, wages are only expected to rise 2.5 percent, leaving many American unable to afford their medications. Big Pharma even contributes heavily to the annual budget of the U.S. Food and Drug Administration (FDA) through application fees (user fees) for its new products. Experts say the industry contributes about two thirds of the FDA’s budget. Five of the top 10 pharma and medical device companies for 2016 are headquartered in the U.S.: Johnson & Johnson, Pfizer, Merck, Gilead and AbbVie.

The underside of the industry reveals a history of fraud, bribery, product liability lawsuits and scandals that led to billions in settlements — a known cost of doing business for these companies who are “too big to jail.” Despite criminal charges and fines, the companies continue to do business. The majority of drugs and medical devices have ties to a small group of parent companies. Prescription drugs and devices manufactured by these companies bring in billions in profits. The biggest drug makers may also have subsidiaries that manufacture medical devices. Pharmaceutical companies are typically larger and make more money than companies that focus on medical devices.

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Chronological History of Big Pharma Corruption

 

UN says new Polio Outbreak in Sudan caused by Oral Vaccine

UN says new Polio Outbreak in Sudan caused by Oral Vaccine

The World Health Organization says a new polio outbreak in Sudan is linked to an ongoing vaccine-sparked epidemic in Chad — a week after the U.N. health agency declared the African continent free of the wild polio virus. In a statement this week, WHO said two children in Sudan — one from South Darfur state and the other from Gedarif state, close to the border with ...
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Protest Against Oppressive Government Restrictions and Mandates in Dublin (22nd August 2020)

Protest Against Oppressive Government Restrictions and Mandates in Dublin (22nd August 2020)

Large numbers (estimated at around 6k) turned up for the peaceful protest against oppressive government restrictions and mandates over COVID-19 on Saturday, August 22nd at Customs House, Dublin. The non-political event was organised by Health Freedom Ireland and Yellow Vest Ireland to voice concerns regarding government mandates, demanding transparency, proportionality of decisions and accountability by government officials and advisors. Expert speakers in attendance on behalf of Health Freedom Ireland were: ...
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Children’s Health Defense sues Facebook and fake “fact checkers” for government collusion and censorship to silence voices of truth

Children’s Health Defense sues Facebook and fake “fact checkers” for government collusion and censorship to silence voices of truth

(Natural News) Children’s Health Defense has just launched a new legal strategy to go after Facebook’s malicious censorship and fraudulent “fact-checker” schemes which are nothing more than left-wing propagandists pretending to be the high priests of “truth.” Today, CHD has announced they are suing Facebook and three fact-checkers for fraud and defamation, pointing out that Facebook’s censorship of truthful speech about the coronavirus (or vaccines) is ...
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NIH Removes 5G Coronavirus Study from Website Following Infowars Exposé

NIH Removes 5G Coronavirus Study from Website Following Infowars Exposé

The National Institute of Health (NIH) removed a study from its website linking 5G radiation with the coronavirus after Infowars first brought attention to it. The international study, called 5G Technology And Induction Of Coronavirus In Skin Cells, claims that 5G millimeter waves stimulate DNA in a way that causes cell nuclei to actually produce coronaviruses. According to the Internet Archive, the NIH removed the study from their website ...
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Bribing Doctors: $678M Settlement Thanks to Drug Company Whistleblower Who Wore Wire for the Feds

Bribing Doctors: $678M Settlement Thanks to Drug Company Whistleblower Who Wore Wire for the Feds

Obviously the “Opioid Crisis” isn’t this century’s only example of doctors behaving badly. Prepare to be nauseated again by medical professionals being greedy at who knows how many patients’ expense. From NBCNews.com: When Oswald Bilotta landed his dream job as a sales representative for Novartis Pharmaceuticals in 1999, he thought he’d be doing good for society while doing well for himself and his family. He had no ...
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