Big Pharma prices soar

Article: http://bit.ly/2jzgga5

“…As of this writing, one of two people being vetted as the next Food and Drug Administration commissioner is Jim O’Neill, a managing director at Mithril Capital Management, run by one of Donald Trump’s billionaire donors and advisors. O’Neill has suggested that the FDA let drug companies put products on the market before proving they work. They just have to be “safe” before being sold. O’Neill’s take on new drugs: “Let’s prove efficacy after they’ve been legalized.”

This is after passage of the 21st Century Cures Act under the Obama administration, which has already undermined patient safety by requiring less restrictive testing before drugs are marketed.

Whether Trump appoints O’Neill or another billionaire, it’s clear that the end game won’t be to improve conditions for working and poor people. Untested and potentially unsafe new drugs are not the solution to the health crisis caused by exorbitant prices. The prescription called for is to eliminate the capitalist profit drive behind this crucial industry.” http://bit.ly/2jzgga5