The truth about the pharmaceutical industry
Sunday, February 22, 2009
"This industry is now primarily a marketing machine to sell drugs with a dubious action, and she used her wealth and influence in turn to any authority which stands in the way for competition to stand."
The book review below, is translated from the prestigious journal "New England Journal of Medicine." It clearly shows how corrupt the pharmaceutical industry and health care have become. The author of the book, Marcia angells, MD, is a former editor of the same, well-respected journal. Today she is professor in social medicine at Harvard Medical School.
Her book, The Truth About the Drug Companies, offers another revealing picture of how the greed of the many facets of business and government to determine, and presents a number of powerful ideas for what we can do about it.
New England Journal of Medicine Volume 351:1580-1581, October 7, 2004, number 15.
"The combined profits of the ten pharmaceutical companies in the Fortune 500 (35.9 billion dollars) were greater than the gains of all remaining 490 companies together (33.7 billion dollars) in 2002. During the past twenty years the pharmaceutical industry far astray of its original high purpose of discovering and producing good new drugs. This industry is now primarily a marketing machine to sell drugs with a dubious operation, and uses its wealth and influence to any authority which stands in the way for competition to stand, including the U.S. Congress, the Food and Drug Administration, academic medical centers, and medicine itself. "Drs. Marcia angells, former editor of the New England Journal of Medicine. From her controversial book, "The truth about drug manufacturers." (Transl.)
The Truth About the Drug Companies
And what to do about it
Book Review gechreven by John Hoey, MD
Translation thanks to Paul Maarten Vis
Since her departure from the Journal has a look behind the scenes cast in 'Big Pharma', 'Big University "and" Big Faculty. Relying on its own work and its detailed analysis of research, financial statements of companies, and research on drug development and marketing, writes angells with the unequivocal and inflexible style that Journal readers are accustomed to her and to trust.
Sales Result: 200 billion dollars per year
Dr. Marcia angells know what they are talking.