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Showing posts with label By. Show all posts
Showing posts with label By. Show all posts

30 April 2013

The Real Cancer Killer: rip-off prices for drugs set by ‘profiteering’ Big Pharma Giants


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Doctors say industry 'profiteering' threatens lives.
An influential group of cancer experts has warned that the high prices charged by pharmaceutical companies for cancer drugs are effectively condemning patients to death.
The group of more than 100 leading cancer physicians from around the world, including nine from the UK, accuse the drug industry of “profiteering” – making a profit by unethical methods such as by raising the cost of grain after a natural disaster.
Of the 12 drugs approved by the Food and Drug Administration in the US in 2012, 11 were priced above $100,000 (£65,000) per patient per year. In addition the price of existing drugs of proven effectiveness has been increased by up to threefold.
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The specialists say: “What determines a morally justifiable ‘just price’ for a cancer drug? A reasonable drug price  should maintain healthy pharmaceutical industry profits without being viewed as ‘profiteering’. This term [profiteering] may apply to the trend of high drug prices where a life threatening medical condition is the disaster.”
The high prices mean the drugs may not be approved by the National Institute for Clinical Excellence in the UK forcing doctors to fill in a 14 page application apply to the Cancer Drugs fund for British patients who could benefit from them.
In addition, the rising cost of existing drugs in a cash limited health service such as the NHS means treatment is denied to other patients with other conditions.
The authors of the article, published in the journalBlood, are all specialists in blood cancers such as leukaemia, where cancer drugs have proved most effective.
One of the best known – imatinib, whose brand name is Glivec – has proved so successful in chronic myeloid leukaemia that patients who a decade ago survived for a few years can now look forward to a near-normal life expectancy.
But the cost of Glivec has risen from £18,000 per patient per year to around £21,000 in the UK, and from $30,000 to $92,000 in the US. This is despite the fact that all research costs were covered by the original price, and the number of patients treated and the length of time they are on the drug have both vastly increased because of the drug’s success.
Daniel Vasella, former chairman and chief executive of Novartis, the manufacturer, said the original price charged for Glivec in 2001 was considered “high but worthwhile” and was estimated to yield annual revenues of $900 million, enough to cover its development cost in two years. A decade later Its annual revenues in 2012 were $4.7 billion (£3 billion).
The cancer specialists say the revenue earned by Glivec over the last ten years “represent generous profits to the company”. But this has put heavy pressure on those who have to foot the bill. “Grateful patients may have become the financial victims of the treatment success, having to pay the high price annually to stay alive”.
In the US even those with health insurance may pay an average of 20 per cent of drug prices out of pocket. Drug prices are the single most frequent cause of personal bankruptcies in the US.
Three new drugs have been approved for chronic myeloid leukaemia in the last year by the FDA but the prices are “astronomical” the authors say at up to $138,000 a year per patient.
Worldwide only about a quarter of the patients with chronic myeloid leukaemia who could benefit have access to drugs because of the cost. “A small fraction are rich enough to pay individually, and most are treated intermittently or not at all. The effects of these financial pressures on long term survival… are yet unknown.”
In the UK, patients are shielded from the “direct economic anxieties of illness”, the article says.  But Professor Jane Apperley, chair of the Department of Haematology at Imperial College, London, and one of the authors, said high drug prices were still a cause of harm in Britain .
“The price of a drug heavily influences the decision of NICE whether we can prescribe it on the NHS. I am chief of service at Imperial College and we are constantly being asked to reduce our spending. We have to look very carefully at the cost of the drugs we use.”
“Of course we need the pharmaceutical industry to go on developing new drugs. It is very exciting that a number of cancers are now becoming susceptible to these new drugs. But the rising cost is unsustainable. “
“The drugs are very effective at keeping people alive. But if they are priced out of what you can afford you know that you can keep people alive but you can’t afford to do so. It is completely unsustainable for the NHS because the costs are going up every year. We need a serious dialogue about whether we can sustain these costs.”
The authors of the article in Blood conclude: “We believe the unsustainable drug prices may be causing harm to patients. Advocating for lower drug prices is a necessity to save the lives of patients who cannot afford them. We believe drug prices should reflect objective measures of benefit, but should not exceed values that harm our patients and societies.”
The group say they intend to organise regular meetings and campaign for lower cancer drug prices.
A spokesperson for the UK charity Beating Blood Cancers said: “As a charity we want to see an ethical approach to drug pricing . There is no point in us investing in research if the pricing policy means drugs won’t be available to patients.”
In a statement to The Independent, Novartis said: “We recognize that sustainability of health care systems is a complex topic and we welcome the opportunity to be part of the dialogue.  Our critical role, as one of many parties working towards improving cancer care, is to discover and develop innovative treatments.”
“ Novartis innovation in chronic myeloid leukemia (CML) has changed the course of the disease. Before Glivec(imatinib)* and Tasigna (nilotinib), the five-year survival in CML was only 30 percent. Today, nine out of ten patients with CML have a normal lifespan and are leading productive lives.”
“Over the years, our programs have evolved to improve patient access to our medicines. We work together with government health care systems, charities and other payers to build successful cost-sharing models.”
Expert view: ‘Price of drugs is harming patients’
The following is an extract from an article, contributed to by more than 100 leading cancer physicians from around the world, including nine from the UK, published in the journal, Blood.
This perspective reflects the views of a large group of CML experts, who believe the current [high] prices of drugs may compromise access of needy patients to highly effective therapy, and are harmful to the sustainability of our national healthcare systems...
If drug price reflects value, then it should be proportional to the benefit to patients in objective measures, such as survival prolongation, degree of tumour shrinkage, or improved quality of life. For many tumours, drug prices do not reflect these endpoints, since most anti-cancer drugs provide minor survival benefits, if at all.
As physicians, we… believe the unsustainable drug prices in CML and cancer may be causing harm to patients. Advocating for lower drug prices is a necessity to save the lives of patients who cannot afford them … For CML, and for other cancers, we believe drug prices should reflect objective measures of benefit, but should also not exceed values that harm our patients and societies.”
An ethical price tag? Cancer drugs
Brands used for the treatment of chronic myeloid leukaemia
Imatinib (Glivec) £21,000 per patient per year - Novartis
Designed from first principles, it proved hugely effective and unexpectedly turned into a blockbuster, earning billions of pounds for its makers.
Nilotinib (Tasigna) £21,000 - Novartis
Designed for patients who fail to respond to Glivec, Novartis reduced the cost to get it past Nice, whilst increasing the cost of Glivec.
Dasatinib (Sprycel) £31,000 - Bristol Myers Squibb
Also designed for patients who cannot take Glivec. But it has not been approved by Nice for use on the NHS because of its high cost.
Bosutinib (Bosulif) £76,000 - Pfizer
For patients who suffer side-effects from the other drugs. It won approval in the US in 2012 but is awaiting a licence in the UK.
Omacetaxine (Synribo) £100,000 - Teva
For patients who cannot tolerate other drugs. Approved in US in 2012 but awaiting licence in the UK.
Ponatinib (Iclusig) £90,000 - Ariad
A third-generation drug which works in a different way. Approved in the US in 2012 but awaiting a licence in the UK.
Source:
www.independent.co.uk
http://worldtruth.tv

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26 April 2013

“American Dream”: Food loaded into Dumpsters while Hundreds of Hungry Americans Restrained by Police


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Hundreds of poor people waiting outside of a closed grocery store for the possibility of getting the remaining food is not the picture of the “American Dream.” Yet on March 23, outside the Laney Walker Supermarket in Augusta, Ga., that is exactly what happened.
Residents filled the parking lot with bags and baskets hoping to get some of the baby food, canned goods, noodles and other non-perishables. But a local church never came to pick up the food, as the store owner prior to the eviction said they had arranged. By the time the people showed up for the food, what was left inside the premises—as with any eviction—came into the ownership of the property holder, SunTrust Bank.
The bank ordered the food to be loaded into dumpsters and hauled to a landfill instead of distributed. The people that gathered had to be restrained by police as they saw perfectly good food destroyed. Local Sheriff Richard Roundtree told the news “a potential for a riot was extremely high.”
“People got children out here that are hungry, thirsty,” local resident Robertstine Lambert told Fox54 in Augusta. “Why throw it away when you could be issuing it out?”
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SunTrust bank is trying to confuse the issue and not take direct responsibility for their actions. Their media relations officer Mike McCoy, stated, “We are working with store suppliers as well as law enforcement to dispose of the remaining contents of the store and secure the building.” Yet he also said that the food never belonged to SunTrust Bank.
There is no need to sugar coat what happened. Teresa Russell, chief deputy of the Marshal’s Office in Richmond County, said the owner of the building ordered that the food be taken to the landfill. Some people even followed the truck to the landfill and were still turned away.
In Richmond County, there are about 20 evictions per day, and the area surrounding the supermarket is one of the poorest in the state. According to the last available data, the poverty rate is 41 percent. Many people in that parking lot probably knew all too well how evictions work, and were in desperate need of the food assistance.This story is not some bizarre exception. It reeks of the truth of capitalism and is strikingly similar to the H&M scandal that broke in 2010 when clothes were being shredded before being thrown away, so as to make sure the value of the merchandise was unaffected.308255
In a capitalist society, the motive behind the production of food is not to feed people, housing is not made to give them shelter, clothing is not made to keep them warm, and health care is not offered primarily to keep people healthy. All of these things, which are and should be viewed as basic rights, are nothing other than commodities—to be bought and sold—from which to make a profit. If a profit cannot be made, usually due to overproduction in relation to the market, the commodity is considered useless by the capitalist and destroyed.
In this case, it appears the bank simply did not care. For the banks that have made their profits through evictions and foreclosures, it is little surprise that they showed no remorse in leaving people staring in disbelief, with empty bags, as they watched the food that could be feeding their families dumped into a landfill instead.
Source:
www.globalresearch.ca
http://worldtruth.tv/

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24 April 2013

Boston Commissioner Speaks The Truth By Mistake


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More mainstream media deception is unraveling  as days go by after the Boston Marathon bombing.
If you haven't read my previous article titled " Six Corporations That Control Almost Everything We Watch, Hear And Read"  this would be a great time to read it.


Wag_The_Dog_Poster
If you ever seen the movie "Wag the Dog" that is exactly what is going on here.
The movie was made in 1997 starring Dustin Hoffman and Robert De Niro,  about a Washington spin doctor who, merely days before a presidential election, distracts the electorate from a sex scandal by hiring a Hollywood film producer to construct a fake war with Albania.


 
 
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