Monday, 9 December 2013

Global Pharmaceutical Giants have made Criminal Activity and the Fines a part of their Drug Costs




It should be quite clear now that big pharma is 'only' interested in vast profits and basically has no empathy with humanity other than it being an immense cash-cow for them. Their actions and out-of-court settlements speak volumes and where history cannot lie.

For the major drug companies throughout the world are continually being found out for criminal and fraudulent activity in order to sell their pharmaceuticals. Not me saying this but the world’s media coverage and the out-of-court agreements that they have settled and where in the past 5 years alone fines in excess of $17 billion have been agreed between authorities and the big drug companies. These include but where they are not a fully exhaustive list of examples,

$2.2 billion and $2.5 billion (S4.7 billion in total in a mere year) by J&J (2013),

£3 billion by GSK (2012),

$762 million by Amgen (2012),

$1.5 billion by Abbott (2012),

$95 million by Boehringer Ingelheim (2012),

$109 million by Sanofi-Aventis (2012),

$950 million by Merck (2011),

$520 million by AstraZeneca (2010),

$750 million by GSK (2010),

$423 million by Novartis (2010),

$460 million by Allergan (2010),

$2.3 billion by Pfizer (2009),

$1.42 billion by Eli Lilly (2009)

and $425 million by Cephalon (2008) - Source for all from the US ‘Department of Justice’ and world media sources. Note also that all of these actions had criminal activity as part of their respective  settlements. But because these huge global concerns make so much money out of selling drugs, these fines have apparently now become an in-built expense in the corporate cost of their drugs. Indeed in GSK’s 2012 case in the USA, nearly $30 billion was sold and where it was estimated that even after the $3 billion fine was deducted, a profit of $11 billion was made.
 
Therefore it certainly appears that the accepted corporate environment that these giant corporations have structured internally for themselves has created these illegal activities and where it is of their own making and not predominantly the countries that they operate within - but I have to say though, that it does help if there is government and internal corruption to boot. But possibly the biggest sadness to date has to come out yet in India where over 20,000 of the poorest children in the world (between the ages of 10 and 14) have been used as human guinea pigs for Big Pharma – http://www.bbc.co.uk/news/magazine-20136654 . Indeed over the past seven years, nearly 2,000 trials have taken place in the country and the number of deaths increased from 288 in 2008 to 637 in 2009 to 668 in 2010, before falling to 438 deaths in 2011, the latest figures available. Therefore the drive for corporate profits has a very dark side to it and everyone should be fully aware of this fact. Apparently this is not a problem for big pharma and where vast profits and greed rise above human life itself. Governments just have to get to grips with these huge corporations and fine then not just a small percentage of their profits but all the estimated total profit.  That is the only way that they will ever alter their corporate mind-set and strategic blue-print.
 
But where it has to be said as a footnote, that Big Pharma has governments in their grip behind closed doors even though they have their roots predominately in the Nazi era, the holocaust, chemical and biological warfare -  http://foolscrow.wordpress.com/2010/07/27/return-to-nuremberg-big-pharma-must-answer-for-crimes-against-humanity/ and where their activities have not really changed one iota.

Indeed, the vast pharmaceutical industry with a global annual turnover of over $1 trillion is not in the business of 'cures' but only treatments such as Tamiflu et al. In this respect it is not in their interest to invent cures (only treatments) for then they would kill off the fatted cow and thereafter their would be no need for their drugs, hitting the bottom-line with billions of billions of lost sales year on year. Therefore people are living in a world of deceit, as cures are not really on the agenda for the pharma mafia. Medical science may be (that is totally different to pharmacology), but definitely not the global pharmaceutical industry.

Film Documentary - 'The Corporation : The Pathological Pursuit of Profit and Power' https://www.youtube.com/watch?v=Y888wVY5hzw

‘The truth about Trasylol’ – https://au.news.yahoo.com/sunday-night/features/a/25220609/the-truth-about-trasylol/

What you should know about the 'Gates Foundation' and Others, and how they manipulate the system to their own ends and predominantly unknown to the people - indeed they are not the so-called good guys that they make out to be - http://www.opednews.com/articles/Privatized-Ebola-by-Margaret-Kimberley-Bill-Gates_Bottom-up-Top-Down_Ebola_Philanthropy-Giving-141016-114.html


'The Lie Machine' - http://www.opednews.com/articles/The-Lie-Machine-by-Paul-Craig-Roberts-America_Corporate_Corporations_Power-141012-777.html by Dr Paul Craig Roberts, former Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration


In this respect also, in an up and coming article we show how 'Corporates Psychopaths' have and are destroying the World and Humanity - watch out for it as it will blow your mind and never see the world again as it is.



Dr David Hill
Chief Executive
World Innovation Foundation


References:
What ‘Successive’ Governments and Whitehall have covered-up and ‘Not’ told the British People about Hard Drug Addiction Treatments that simply will never work - http://worldinnovationfoundation.blogspot.co.uk/2014/01/what-successive-governments-and.html

13 comments:

  1. Find appropriate article that is totally related pharmaceutical formulations I just circled this post to my friends.Thanks for sharing this one.

    ReplyDelete
    Replies
    1. Thank you.

      Even the industry internally knows that it cannot carry on in the way that it is and has to change to a more transparent, open and moral business model. Hopefully the next leaders of the industry will have the qualities, integrity and human feelings to see this great needed change. If not, the industry will fall into total disrepute with the world's people and eventual boycotting will be the fall out. If that happens even mighty corporations will cease to exist over time.

      Dr David Hill
      CEO
      World Innovation Foundation

      Delete
  2. Thanks for sharing related health
    United Biotech is a leading Pharmaceutical Company founded by a group of pharma professionals in 1997. The focus of all our activities is to provide best medicines to help patients smile once again.
    pharmaceutical formulations

    ReplyDelete
    Replies
    1. Thank you Shashi.

      It is hoped that your organisation is a turning point in the way that pharmaceutical operate and that integrity and the people's trust is restored in the industry. You are probably aware of the despicable way that the industry giants have tested on tens of thousands of the poorest people in India and where many were children and over 3,000 have died. A life is a life no matter who's it is and it is about time that the drug multinationals realised this.

      Regards,

      David

      Delete
  3. Capitalism will not eat itself. It is busy eating us.

    ReplyDelete
  4. Well said Tom and never truer words said. But by eating us continuously they kill the means eventually, for those who gain all the time, their continual growth in wealth as everything has its limit. When that limit reaches its breaking point, all hell will be let loose. Unfortunately history tells it that way when you study in retrospect why empires and the rich of their times, failed. Greed and complacency are the silent killers of society that are undertaken by the super-rich and powerful and nothing appears to change this end result. Unfortunately those who have most of the riches of the world in their control never see the woods for the trees and then they wonder why society and their world has broken down as history again has shown time and time again. The present richest people and most powerful corporations are just the same and where in reality they are not really intelligent enough to see what they are destroying - the human experience itself for at least 5.5 billion people who presently live on Earth.

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  5. The fines are clearly unacceptable, but do you really believe that an Rx company would design a trial that it thought would kill the test subjects? C'mon, what would be the point of that? If test subjects die, your drug doesn't get approved so why run the trial?

    Is there an issue of consent? Probably. But then how do you ever test a drug on children, or perhaps more correctly, how do you ever develop a drug for children if you can't test it on them? Is your solution to stop developing drugs for children? Or to simply give them drugs tested on adults without any testing on children? And of the stats you quote, how many deaths were in trials run by "big pharma?" How many were on the drug being tested versus the comparator or placebo? Easy to throw out numbers. Not so easy to disseminate facts.

    And the Nazi thing? Have an agenda, do we?

    ReplyDelete
  6. Respectfully I should do a web search to verify the situation and if your premise is so correct why didn't they test the drugs on British or America children and not 20,000 of the poorest children in the world. Is it that a life of a child in India is not worth the same as in a western country. We know why they did not test children in our countries because if the deaths had occurred here or in the EU or USA, there would have been a right old public outcry (righty so)and multi-million do law cases.

    No they did it in India because they knew that the backlash and potential legal settlements would have be the huge. Get a state of reality on the situation if you can or have you no pity on the mothers and families of those who died.

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  7. Just realised who you are Chet. As a Director/Head, U.S. Corporate Development at GlaxoSmithKline and a tax counsel/accountant to boot, you should have enough proof yourself of what goes on behind closed doors at GSK. You may try and support your employer and your industry but don't try to pacify yourself by having a go at others where the international media says that your organization undertakes criminal activity. Are they all wrong and making all these things up? What about the latest SFO investigation and China's assault on your organization. Just because they pay your wages you may feel obliged to support GSK's actions worldwide, but don't expect people to teach you what is right and what is wrong? I assume that you were taught this at an early age?
    I hope that as time goes on your firm's high remuneration gives you comfort and that you take comfort also in knowing that your family is safe from what goes on in other countries and undertaken by firms like GSK.

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  8. Drug companies throughout the world are continually being found out for criminal and fraudulent activity in order to sell their pharmaceuticals.
    Pharmaceutical Company

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    Replies
    1. Hi Ind Swift

      I can understand your first part but not the second. Are you meaning that they are selling their pharmaceuticals on the back of fraudulent activities?

      If not, can you please explain clearly.

      Thank you.

      Delete
  9. I really enjoyed the article. It proved to be Very helpful to me and I am sure to all the commenters here! It's always nice when you can not only be informed, but also entertained! I'm sure you had fun writing this article.
    viagra

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    Replies
    1. Thanks Mike. Unfortunately too many people only look at one side of the coin and accept what the media tell them. Unfortunately again because 99% of all media companies (TV, papers etc) are owned by the rich and powerful, which suppress news that affects their bottom-line, both currently and in the future, the public never learn of both sides to a story. Indeed the media is controlled by vested-interests that operate behind closed doors in general terms. One cannot blame the public for not knowing what is really going on though as even the internet is highly subjective in what mainstream media companies release. Best to always have an open mind and come to your decisions on a cross fertilization of news from many sources. Came across one only today concerning how the Scottish Vote may have been corrupted (RIGGED) by an organised strategy before even the vote kicked off - http://metro.co.uk/2014/09/19/scottish-independence-video-proves-vote-was-rigged-say-yes-voters-4874786/

      So if true and the video appears to be authentic, the powerful always get what they want through their servants the political leaders and the 'establishment'.

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