Big Pharma

Public Health Experts Fear Trump FDA’s Remdesivir Approval ‘Without Evidence’ of Widespread Benefits Signal Likely Premature Vaccine

Public health experts on Saturday decried the Food and Drug Administration’s “troubling” approval of a Covid-19 treatment which has not been proven to help patients who are severely ill with the disease. The FDA expanded its emergency authorization on remdesivir on Friday evening, allowing its use for all patients who are hospitalized with Covid-19. Previously, …

Public Health Experts Fear Trump FDA’s Remdesivir Approval ‘Without Evidence’ of Widespread Benefits Signal Likely Premature Vaccine Read More »

As AstraZeneca Signs Deal With EU, Critics Warn Big Pharma Push for Covid Vaccine Liability Protections a ‘Dangerous Precedent’

European Union leaders announced Thursday they had signed a contract with pharmaceutical giant AstraZeneca exempting the drugmaker from “future product liability” in exchange for it supplying the EU with at least 300 million doses of a still-in-development Covid-19 vaccine by mid-2021. The deal, announced earlier this month, was made official amid new reporting about lobbying pressure …

As AstraZeneca Signs Deal With EU, Critics Warn Big Pharma Push for Covid Vaccine Liability Protections a ‘Dangerous Precedent’ Read More »

EU Signs Deal with AstraZeneca, Critics Warn of ‘Dangerous Precedent’ as Big Pharma Pushes for Covid Vaccine Liability Waivers

European Union leaders announced Thursday they had signed a contract with pharmaceutical giant AstraZeneca exempting the drugmaker from “future product liability” in exchange for it supplying the EU with at least 300 million doses of a still-in-development Covid-19 vaccine by mid-2021. The deal, announced earlier this month, was made official amid new reporting about lobbying pressure …

EU Signs Deal with AstraZeneca, Critics Warn of ‘Dangerous Precedent’ as Big Pharma Pushes for Covid Vaccine Liability Waivers Read More »

34 State Attorneys General Urge Trump to End ‘Outrageous’ Gilead Monopoly on Covid-19 Drug

Warning of “dangerously low and insufficient” supply projections, a bipartisan coalition of nearly three dozen state attorneys general is urging the Trump administration to end pharmaceutical giant Gilead’s monopoly control over Covid-19 treatment remdesivir by authorizing generic production of the drug, which was developed with the support of at least $70 million in taxpayer funding. …

34 State Attorneys General Urge Trump to End ‘Outrageous’ Gilead Monopoly on Covid-19 Drug Read More »

SEC Launches Probe Into Kodak After Warren Raised Questions Over Lucrative Covid-19 Deal With Trump

The Securities and Exchange Commission on Tuesday reportedly launched an investigation into Kodak after Sen. Elizabeth Warren demanded a probe of possible insider trading at the tech company, which gifted its CEO nearly two million stock options just a day before President Donald Trump last week handed the company a $765 million federal loan to …

SEC Launches Probe Into Kodak After Warren Raised Questions Over Lucrative Covid-19 Deal With Trump Read More »

‘It Is Political’: Progressive Challenger Alex Morse Rips Rep. Richard Neal for Inaction on Opioid Crisis

Rep. Richard Neal’s progressive primary challenger Alex Morse fired back Thursday afternoon after the congressman’s campaign dismissed an ad from the Holyoke mayor about his bother’s overdose that tied the incumbent to the healthcare and pharmaceutical industries. “People are dying in the streets, and Richard Neal wants to tell us how and when we can …

‘It Is Political’: Progressive Challenger Alex Morse Rips Rep. Richard Neal for Inaction on Opioid Crisis Read More »

Oxfam America Calls for Tax on ‘Pandemic Profiteers’ to Fund Covid-19 Recovery and the Common Good

The U.S. government could easily ensure that all Americans and the global community benefit from the profits that many wealthy U.S. companies have raked in during the coronavirus pandemic, Oxfam America said in a report released Wednesday as the group called for the country to implement a Pandemic Profits Tax, similar to one used during …

Oxfam America Calls for Tax on ‘Pandemic Profiteers’ to Fund Covid-19 Recovery and the Common Good Read More »

‘Greed Is a Danger to Public Health’: Progressive Caucus Urges Ban on Big Pharma Coronavirus Price-Gouging

In the wake of Gilead’s announcement that it will charge U.S. hospitals $3,120 per privately insured patient for a treatment course of Covid-19 drug remdesivir, the Congressional Progressive Caucus is calling on Congress to pass legislation combating the pharmaceutical industry’s effort to “profiteer off a pandemic” by imposing exorbitant prices. “This doesn’t come as a …

‘Greed Is a Danger to Public Health’: Progressive Caucus Urges Ban on Big Pharma Coronavirus Price-Gouging Read More »

‘A Scandal’: Contracts Show Trump Giving Big Pharma Free Rein to Price Gouge Taxpayer-Funded Coronavirus Drugs

Government contracts obtained by consumer advocacy group Knowledge Ecology International show that the Trump administration is giving pharmaceutical companies a green light to charge exorbitant prices for potential coronavirus treatments developed with taxpayer money by refusing to exercise federal authority to constrain costs. “The government has limited its ability to intervene if the pharmaceutical companies… …

‘A Scandal’: Contracts Show Trump Giving Big Pharma Free Rein to Price Gouge Taxpayer-Funded Coronavirus Drugs Read More »

Big Pharma Trade Group Blasted as ‘Morally Bankrupt’ for Suing to Block Minnesota Insulin Affordability Law

A Big Pharma trade group is under fire for filing a federal lawsuit late Tuesday against Minnesota’s Alec Smith Insulin Affordability Act mere hours before it took effect. State Sen. Matt Little, a member of the Minnesota Democratic–Farmer–Labor Party (DFL), decried the move as “morally bankrupt” and “devoid of humanity.” In a Tuesday night tweet, …

Big Pharma Trade Group Blasted as ‘Morally Bankrupt’ for Suing to Block Minnesota Insulin Affordability Law Read More »

‘Deplorable Act in Face of Global Crisis’: Trump Condemned as US Buys Up Nearly Entire Supply of Covid-19 Drug

Most of the world will not be able to make use of a modestly effective Covid-19 treatment for at least the next three months because the Trump administration this week bought up nearly the entire supply of the drug, a move critics said exposes the potentially deadly consequences of the U.S. president’s so-called “America First” …

‘Deplorable Act in Face of Global Crisis’: Trump Condemned as US Buys Up Nearly Entire Supply of Covid-19 Drug Read More »

‘Absolute Robbery’: Gilead Announces $3,120 Price Tag for Covid-19 Drug Developed With $70 Million in Taxpayer Support

Consumer advocates reacted with disgust Monday to an announcement by Gilead Sciences that it will charge U.S. hospitals around $3,120 per privately insured patient for a treatment course of remdesivir, a drug which has proven modestly effective at speeding Covid-19 recovery times. “Allowing Gilead to set the terms during a pandemic represents a colossal failure …

‘Absolute Robbery’: Gilead Announces $3,120 Price Tag for Covid-19 Drug Developed With $70 Million in Taxpayer Support Read More »

House Dems Introduce Bill to Prevent Big Pharma Price-Gouging During Covid-19 Pandemic

On the heels of polling that showed 88% of Americans worry Big Pharma will exploit the ongoing pandemic to hike drug prices, House Democrats on Monday introduced two bipartisan bills to prevent price-gouging for Covid-19 treatments and vaccines and to strengthen oversight of federal spending on coronavirus research and development. “Promoting transparency and reasonable pricing …

House Dems Introduce Bill to Prevent Big Pharma Price-Gouging During Covid-19 Pandemic Read More »

Nearly 9 in 10 Americans Fear Big Pharma Will Exploit Pandemic to Raise Drug Prices: Poll

An overwhelming majority of Americans are worried that the coronavirus crisis will drive up healthcare costs and nearly nine in 10 are concerned that “the pharmaceutical industry will take advantage of the current Covid-19 pandemic to increase drug prices,” according to new Gallup and and West Health polling out Thursday. “Concerns loom large that when …

Nearly 9 in 10 Americans Fear Big Pharma Will Exploit Pandemic to Raise Drug Prices: Poll Read More »

Ethics Complaint Filed to Force Trump’s Covid-19 Vaccine Czar—a Former Pharma Exec—to Submit to Ethics Rules

A pair of consumer watchdog groups on Thursday filed a formal federal ethics complaint stating that President Donald Trump’s so-called “Vaccine Czar”—a former pharmaceutical executive with deep personal investments in the industry—should be forced to submit to the same conflict of interest and financial disclosure rules as other government officials charged with overseeing large sums …

Ethics Complaint Filed to Force Trump’s Covid-19 Vaccine Czar—a Former Pharma Exec—to Submit to Ethics Rules Read More »

‘This Is My Retirement’: Trump’s Covid-19 Vaccine Czar Refuses to Sell Stock Holdings of Major Drug Company

The chief adviser overseeing President Donald Trump’s task force charged with spearheading the U.S. government’s Covid-19 vaccine and treatment effort has refused to divest his shares in pharmaceutical company GlaxoSmithKline, where he previously worked. As the New York Times reported Wednesday, Dr. Moncef Slaoui, who was appointed to lead Operation Warp Speed last week, holds …

‘This Is My Retirement’: Trump’s Covid-19 Vaccine Czar Refuses to Sell Stock Holdings of Major Drug Company Read More »

Explosive Whistleblower Complaint by Ousted HHS Official Says He Was Pressured to Give Contract to Trump-Friendly Pharma Firm

A federal scientist filed a formal whistleblower complaint Tuesday, weeks after being reassigned from his position at the Health and Human Services Department following a clash with Trump administration officials over untested Covid-19 treatments that the president was promoting. Dr. Rick Bright, an immunology expert and until last month the director of the Biomedical Advanced Research …

Explosive Whistleblower Complaint by Ousted HHS Official Says He Was Pressured to Give Contract to Trump-Friendly Pharma Firm Read More »

Sanders Demands Trump Rescind ‘Truly Outrageous’ Decision to Hand Gilead Exclusive Rights Over Possible Coronavirus Treatment

Sen. Bernie Sanders late Tuesday demanded that the Trump administration immediately rescind its decision to grant pharmaceutical giant Gilead Sciences exclusive rights to the antiviral drug remdesivir, one of many drugs currently being tested as a possible treatment for the novel coronavirus that is rapidly spreading and taking lives across the globe. “Now is not …

Sanders Demands Trump Rescind ‘Truly Outrageous’ Decision to Hand Gilead Exclusive Rights Over Possible Coronavirus Treatment Read More »

‘This Is a Massive Scandal’: Trump FDA Grants Drug Company Exclusive Claim on Promising Coronavirus Drug

As healthcare providers across the U.S. desperately attempt to treat a rapidly growing number of patients with the coronavirus, a pharmaceutical company with ties to the Trump administration has been granted exclusive status for a drug it is developing to treat the illness—a potential windfall for the company that could put the medication out of …

‘This Is a Massive Scandal’: Trump FDA Grants Drug Company Exclusive Claim on Promising Coronavirus Drug Read More »