drugs prices

05 Mar: Wyeth v Levine Ruling Signals The Tide is Turning Against Big Pharma

For nearly three decades, it’s seemed like everything — at least when it comes to government decision-making — has gone Big Pharma’s way. For example: The U.S. government permitted Big Pharma to begin advertising directly to consumers, despite the fact that this practice is prohibited worldwide (except in New Zealand). The billions of dollars spent on advertising has led to a dramatic increase in prescription drug consumption — including by teens who steal drugs like Viagra out of the family medicine cabinet after hearing how cool they are, ad nauseum, in TV ads. The government slashed the FDA’s staff by a third during the Bush administration (after significant cuts in the Reagan administration) and allowed Big Pharma lobbyists to wield…