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Tag: pharmaceutical corporation

It is not a bad thing to be run a business for profit.  Unfortunately, there can be a conflict between financial interests and what is best for the patient.  Given the present corporate paradigm where profits are the first, highest priority, this can have disastrous ramifications for medical policy.  A goal of more profit may motivate Big Pharma companies to sell expensive drugs to patients even though they may not be radically different from older, cheaper drugs.

Doctors are often willing victims of Big Pharma.  Their medical educations are heavily influenced by pharmaceutical companies.  It is to the point now where there are incredibly large numbers of prescriptions written by physicians.  continue reading…

A new study performed by a sociologist named Donald Light has found strong evidence that the pharmaceutical industry is a “market for lemons” where the sellers are much more informed than the end customers.  They profit from selling products (drugs) that are less effective and more harmful than patients are led to believe.  This startling study is going to be presented at the 105th Annual Meeting of the American Sociological Association.The study is titled Pharmaceuticals: A Two-Tier Market for Producing ‘Lemons’ and Serious Harm.

The fact is that pharmaceutical companies often conceal and/or downplay the serious side effects of their drugs and exaggerate their benefits. continue reading…

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