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re: Trump to Big Pharma - "We are going to end Global Free-Loading" - BOOM!
Posted on 1/31/17 at 12:49 pm to Tiguar
Posted on 1/31/17 at 12:49 pm to Tiguar
quote:Good to know. I just googled "new FDA approved cancer treatments" and I posted the first two that popped. There were more.
Entresto for heart failure is a pretty big deal for the moment, too.
0
Posted on 1/31/17 at 12:50 pm to Aubie Spr96
quote:
Every drug ever recalled was first approved by the FDA.
Even LUDES
Posted on 1/31/17 at 12:51 pm to LSUGrrrl
quote:
Well. Drs are almost always the golf partners of pharma reps in tournaments at expensive and exclusive clubs. I am on the board of several charities and see this more often than not. Dallas Safari Club annual dinner - guess who is with the pharma reps? Boots & Diamonds? Guess who gets the company tickets? Suites at football games and concerts? Yep. It's not always the same salesperson and doctor but it's consistent and the rotation works so that it's the same few drs rotating through the events.
All of which is already completely illegal, with few and rare excpetions based on previous relationships, and should be reported immediately. Seriously...that has been illegal for many years and I seriously doubt you've seen it recently.
And when I say illegal I mean JailTime-serious. Drug reps aren't even allowed to give out free pens anymore, let alone concert tickets.
This post was edited on 1/31/17 at 12:52 pm
Posted on 1/31/17 at 12:56 pm to uagrad97
Interesting. Even as guests of? Because I'm very, very serious when I tell you it's very common for names to be added to lists and guests are predictable. I've been on this board for almost 10 years and have been accused of lying. It's so prevelant that I didn't even know it was illegal 
Posted on 1/31/17 at 1:01 pm to LSUGrrrl
PHRMA Guidelines
"Company interactions with healthcare professionals are professional in nature and are intended to facilitate the exchange of medical or scienti c information that will bene t patient care. To ensure the appropriate focus on education and informational exchange and to avoid the appearance of im- propriety, companies should not provide any entertainment or recreational items, such as tickets to the theater or sporting events, sporting equip- ment, or leisure or vacation trips, to any healthcare professional who is not a salaried employee of the company. Such entertainment or recreational bene ts should not be offered, regardless of (1) the value of the items; (2) whether the company engages the healthcare professional as a speaker or consultant, or (3) whether the entertainment or recreation is secondary to an educational purpose."
"Company interactions with healthcare professionals are professional in nature and are intended to facilitate the exchange of medical or scienti c information that will bene t patient care. To ensure the appropriate focus on education and informational exchange and to avoid the appearance of im- propriety, companies should not provide any entertainment or recreational items, such as tickets to the theater or sporting events, sporting equip- ment, or leisure or vacation trips, to any healthcare professional who is not a salaried employee of the company. Such entertainment or recreational bene ts should not be offered, regardless of (1) the value of the items; (2) whether the company engages the healthcare professional as a speaker or consultant, or (3) whether the entertainment or recreation is secondary to an educational purpose."
Posted on 1/31/17 at 1:11 pm to LSURussian
quote:
Another question, if Trump's remarks this morning are so threatening to "Big Pharma," why are Pfizer (PFE) and Bristol Myers (BMY) up substantially in the market now when the market as a whole is down?
Probably because it doesn't sound like Trump is going to try to lower drug costs here through price control, but rather he seems to want to try to coerce other developed nations into paying more for their drugs and in return the drug companies will cut the costs here. Not sure how he is planning to make the rest of the world pay more yet.
This post was edited on 1/31/17 at 1:13 pm
Posted on 1/31/17 at 1:49 pm to the808bass
quote:Several have already been noted for you.
Name a life-saving drug approved in the last 3 years.
Nivolumab would be another.
Because we talk in terms of >5yr survival, its hard to say whether or not a cancer drug introduced in the past three years qualifies in your terms. But I'd bet Ceritinib will be shown to fall into that category as well.
It is not even necessarily about saving lives though. Sometimes it is a matter of giving folks 4 or 5 yrs of extended life, or dramatically improving quality of life for a period of time.
Here's a touching story involving near-miraculous improvement of a patient who was allowed compassionate access to Ceritinib: The Pills of Last Resort - How Dying Patients Get Access to Experimental Drugs
Posted on 1/31/17 at 2:17 pm to NC_Tigah
quote:
Why in the world should an identical medicine sold in the UK or the EU cost 8X-to-10X less than it does in the US?
Because they have government that actually work for thier people, instead of a party like Repulicans who work for Big Pharma.
Posted on 1/31/17 at 2:20 pm to NC_Tigah
quote:
We're going to be ending global free loading. Foreign price controls reduce the resources of American drug companies to finance drug and R&D innovation. I think you people know that very well. Very unfair to this country.
Id like to know the exact reasoning but it is unfair that in the US, you have to pay $70,000 for the Hep C cure and $700 in Egypt for it.
Posted on 1/31/17 at 2:22 pm to NC_Tigah
quote:
Nivolumab
MABs are blowing up the world up treatments and I love it.
Thanks Xenomouse!
EDIT: Trastuzumab too
And cant forget the TK Inhibitors - Imatinib is saving lives
This post was edited on 1/31/17 at 2:25 pm
Posted on 1/31/17 at 2:25 pm to hendersonshands
quote:
Does getting rid of regulation not open the door for more dangerous drugs on the market?
Legit question. The answe is not necessarily. Look at FDA approval in other countries and it is more streamlined. An example is new sound processors for cochlear implants. It can take years and thousands of dollars to get FDA approval for what amounts to a software patch for sound processors. That drives up the cost significantly. We need regulations, but it has become onerous. If you are dying and there is an experimental drug, it should be up to the patient, not govt if that person wants to try it.
Posted on 1/31/17 at 2:26 pm to NC_Tigah
Will this end up lowering the cost of insulin and Epi Pens?
Better yet, will we remove restrictions on buying pharmaceuticals from other countries? I don't see why I should pay $600 for a two-pack here in the US when the same things cost $69 a pop in the UK. I could ship them priority and still save a bundle.
Better yet, will we remove restrictions on buying pharmaceuticals from other countries? I don't see why I should pay $600 for a two-pack here in the US when the same things cost $69 a pop in the UK. I could ship them priority and still save a bundle.
Posted on 1/31/17 at 2:29 pm to SundayFunday
quote:
Id like to know the exact reasoning but it is unfair that in the US, you have to pay $70,000 for the Hep C cure and $700 in Egypt for it.
Well that's not an apples to apples comparison. Gilead made a deal with the Egyptian government to basically give the drug away to government clinics in order to help deal with the public health crisis of Hep C in Egypt (which has the highest incidence of Hep C in the world).
Posted on 1/31/17 at 2:53 pm to NC_Tigah
So he's going to push for HIGHER drug prices around the world? Wow, he really is a man of the people.
Posted on 1/31/17 at 3:13 pm to CaptainBrannigan
quote:
instead of a party like Repulicans who work for Big Pharma.
quote:Your man CoreyBooker says "Hi!" btw.
CaptainBrannigan
quote:Pharma Production cost is globally transferred and distributed.
Because they have government that actually work for thier people
It is what it is.
The only question is as to what share of those costs each international entity will bare. As with NATO and other examples, the US has shouldered a disproportionate burden of global cost for far too long.
In those terms, foreign governments and the US populace must be made aware that the international deals you cite come directly at US expense
Posted on 1/31/17 at 3:15 pm to TBoy
quote:America first.
Wow, he really is a man of the people.
Which part of that two-word proclamation is unclear?
Posted on 1/31/17 at 3:23 pm to SundayFunday
quote:
And cant forget the TK Inhibitors - Imatinib is saving lives
My dad took Gleevec (Imatinib) for 13 months. When he was diagnosed with advanced GIST he was pretty much at deaths door. The drug was a miracle and he pretty much lived a normal life till the drug stopped working. Allowed him to see his oldest grandchild graduate high school and the birth of his 4th.
The drug would have cost 8K a month. Novartis provided it for free through their assistance program.
Novartis has a policy to not deny a life saving drug for financial reasons. This proved true for my dad.
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