Showing posts with label pharmaceutical companies. Show all posts
Showing posts with label pharmaceutical companies. Show all posts

DOCTORS LACK FAITH IN DRUG COMPANY STUDIES


DOCTORS LACK FAITH IN DRUG COMPANY STUDIES

Somewhere out there, my mother is rolling her eyes.  To the surprise of no one, even doctors lack full faith in drug company sponsored studies.  Does anyone trust research paid for by the manufacturer? If you truly want to know the details of a product, conventional wisdom says its generally the independent studies that offer the most insight. 

According to a recent report in the New England Journal of Medicine, researchers from Harvard Medical School showed that doctors are rethinking the efficacy of drugs based upon the source of studies’ funding.  The report concludes that doctors are only half as willing to prescribe drugs in industry- sponsored drug trials compared to independent National Institute of Health funded trials.  To drug makers, this is the sound of their bottom line taking a nose dive.

WHY THE LACK OF FAITH

It turns out that doctors are a skeptical bunch.  Concerned with splashy headline driven drugscandals, many doctors are recoiling from new drugs whose only studies are sponsored by the drug companies themselves.  Perhaps this amount of caution is warranted.  Recently, we’ve seen a lot of press about drugs which were released amid glowing pharmaceutical company studies and later turned into nightmares for the general public. 

There are multiple reasons for this skepticism including:

·         Pharmaceutical companies’ reputation for not including certain unsightly complications and side effects in studies

·         Pharmaceutical companies’ profits over people image

·         Splashy headlines in major newspapers warning of the latest FDA recall or dangerous drug

With so many good reasons for skepticism, are there legitimate reasons for trusting these studies that doctors are closing themselves off to?

PERHAPS CAUTION IS THE BEST APPROACH

Perhaps rather than jumping to immediate conclusions, a cautioned approach would be best.  Doctors already have enough on their plates, but a little investigation into the study and potential outside opinions, studies, and research might be a good idea.  Nobody wants to miss out on prescribing a drug that might extend patients’ lives and improve their health drastically.  But until the next new miracle drug presents itself, a measured and cautioned approach is probably the best. 

As a patient, does it make you feel better that your doctor is cautiously weighing the options prior to subscribing potentially risky drugs? It would help me sleep better at night to know that my doctor is thinking it through. But if you find you’ve suffered just the opposite, and your doctor has gone all in and prescribed you a risky and dangerous drug, you do have options.  If you’ve been injured, you might want to talk to an attorney.  Call us and we’ll listen to your case.

FINES TO PHARMACEUTICAL COMPANIES DOUBLE IN 2012


FINES TO PHARMACEUTICAL COMPANIES DOUBLE IN 2012

Pharmaceutical companies make millions to billions of dollars in profits off of their popular drugs.  So what’s the risk in pushing out a product before it’s ready for public consumption?  According to the pharmaceutical industry watchdog, Public Citizen, pharmaceutical companies have already paid approximately $6.6 billion in fines this year for defrauding U.S. health programs. But to pharmaceutical companies, this is par for the course.  Although these fines represent nearly double the amount paid in 2011, this disturbing trend shows how little the pharmaceutical companies can spend out of wallet busting profits in order to clean up their messes.

Public Citizen researcher Sammy Almashat comments that this is expected by investors and pharmaceutical makers themselves.  “The consensus seems to be that this is a business model, and unless the federal government moves first to increase these penalties, that’s likely to remain the case.”

WHY THE FINES

Pharmaceutical drug makers have come under fire for multiple reasons, including:


·         Hiding serious side effects and complications

·         Marketing the drug for off label uses

·         Overcharging government medical programs

In response, the government is cracking down on prescription drug makers and fining them for these flagrant abuses.

WILL THIS MAKE YOU SAFER

Ideally, these fines will help protect you from the hasty push to market associated with some of these drugs like Avandia and Actos or from the off label use like Medtronic Infuse.  In practice, pharmaceutical companies may accept the fines and lawsuits for risking your health as part of the cost of doing business. 

If you’ve been injured by a bad drug, you should call an attorney to discuss your rights. Take steps to protect yourself from the greed of pharmaceutical companies.