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35096144
Big Pharma
Description
ACER GAMSAT Philosophical conversation Mind Map on Big Pharma, created by Nathan Lin on 16/01/2022.
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capitalism
greed
protest
health
medicine
regulation
corruption
philosophical conversation
acer gamsat
Mind Map by
Nathan Lin
, updated more than 1 year ago
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Created by
Nathan Lin
almost 3 years ago
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Resource summary
Big Pharma
Martin Shkreli
Sells Daraprim
For Malaria and HIV
One of America's most hated
$13.5 -> $750
Hedge fund manager
Wants to maximise profit
Capitalism
Makes money over illnesses
How is this achieved?
Via misinformation
Oxycontin
Influencing regulators
Controversy: They have a lot of power as they can choose who lives and who dies
High cost of medicine makes it inaccessible
Big Pharma are allowed to influence FDA
Big pharma bought influence into the US congress too
US lawmakers allow this system to occur (Pharma affecting its regulators)
Big pharmas wrote checks to US politicians
The Big pharma and health medicine industry is the biggest lobbying industry
By law: Big pharmas can set the prices of their drugs, no negotiations
Big pharmas contribute to campaign donations
Hire lobbyists + Lawyers to squash any challenges/suing
COVID Pandemic
Boosters may become a reality
Pharma's are benefitting
Blackmail governments
Maximise prices for profit
Makes it inaccessible to some countries
Fuelling inequity
US's Opioid epidemic
Purdue Pharma
Oxycontin
Claimed by pharma as not being addictive
Pharms sent sales representatives on opioid not being addictive + it being okay to be prescribed in higher doses
Doctors prescribed it to millions
Millions of people became addicted to it
Johnson & Johnson + Teva were other pharmas' also guilty
Thousands of opioid drug deaths
When Purdue was sued, they cleared bankruptcy and paid a measly fine, no jail time
Pharma made billions
Never held clinical trials to show this - Purdue lied
An Opioid, a painkiller
Big Pharma pushing unproven cures
Use the help of regulators who are friends
Aduhelm Drug
Pharma: Biogen
FDA approved
Claimed as a treatment for AD
Not enough evidence of this claim
All FDA's 11 advisors were against this
Biogen had a close relationship with FDA officials
FDA still approved the drug
3 FDA advisors resigned in protest
FDA is supposed to be a watchdog for BIG pharmas
It is like a union, for the interests of customers
FDA shouldn't have such a close relationship with companies it should be regulating
45% of FDA's budget comes from industry (pharmas) paying to apply for FDA approval
How can the FDA remain impartial?
56K per year
A monopoly
The new Drug cartel/mafia
Set prices
Influence policy makers
Use lawyers to squash competition
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