Whereas pharmaceutical executives usually try and painting such consolidation as a way to extend operational effectivity, the report states that “digging a degree deeper ‘exposes a troubling industry-wide pattern of billions of {dollars} of company assets going towards buying different pharmaceutical companies with patent-protected blockbuster medication as an alternative of placing these assets towards’ discovery of recent medication.”
Merger and acquisition (M&A) offers are sometimes executed to “enhance inventory costs,” to “cease opponents,” and to “purchase an modern blockbuster drug with an infinite potential income stream.”
“As a substitute of spending on innovation, Huge Pharma is hoarding its cash for salaries and dividends,” the report says, “all whereas swallowing smaller corporations, thus making {the marketplace} far much less aggressive.” […]
“Competitors is central to capitalism,” Porter said in a press launch introducing the report. “As our report reveals, Huge Pharma has little incentive to spend money on new, critically wanted medication. As a substitute, pharmaceutical giants are free to dedicate their assets to buying smaller corporations which may in any other case pressure them to compete.”
“Lives are on the road; it is clear the federal authorities must reform the way it evaluates healthcare mergers and patent abuses,” Porter added. […]
THREE OTHER ARTICLES WORTH READING
TOP COMMENTS • RESCUED DIARIES
“You by no means change issues by combating the prevailing actuality. To alter one thing, construct a brand new mannequin that makes the prevailing mannequin out of date.” ~~Buckminster Fuller
On this date at Day by day Kos in 2003—No conclusive proof:
Nicely, whilst administration officers hype Powell’s “Adlai second” on the UN subsequent week, there may be nonetheless some dampening of expectations:
Officers cautioned that nobody photograph or piece of proof will conclusively show the administration’s case; as an alternative, they describe what they are saying will probably be an accumulation of damning particulars. ”What we’re displaying is a sample of habits,” a senior administration official stated. ”You are not going to have footage of warheads.
I feel I’m lastly resolved to the truth that battle is inevitable. It is a disgrace that Bush is so hell-bent on going to battle that he’ll danger the lives of 1000’s to take action, and all on circumstantial proof.
Clearly Saddam is a brutal dictator, and I am positive he is obtained issues to cover. However is he a menace to U.S. nationwide safety—value throwing away lives and treasure to depose? That case has not been made. And it will not be made. However that is irrelevant to an administration that retains utilizing discarded “proof” of a nuclear program (the aluminum tubes) and a hypothetical hyperlink to Al Qaeda to justify a battle that even super-hawks like Regular Schwarzkopf will not purchase.
