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Family matters

New drugs: - Keeping those profits rolling in

The drugs industry thrives on novelty. Claims for the great new wonder drug fuel shareholder interest, which in turn pushes up the share price. Better yet, doctors are keen to try out the new drug on the patient, which goes straight to the drug company's bottom line. It's been reckoned that new drugs are responsible for a third of drug company profits every year.
So it's not surprising to hear that a new study has discovered that American doctors could reduce the nation's annual healthcare budget by an enormous $9bn just by prescribing generic drugs instead of the identical 'brand' variety.
The branded product is the one that gets the interest. It's advertised as the great new thing, while the copycat version instead sneaks in through the back door.
Such an unfashionable switch would reduce drug expenditure in the USA by 11 per cent, which is why it'll never happen.

* If you want the low-down on the drugs industry and its many, and delightful, ways it makes a buck, you'll want to read Secrets of the Drugs Industry. It's an eye-opener for anyone who cares about the world in which they live. Order your copy by clicking this link: http://www.wddty.co.uk/shop/details.asp?product=341

New drugs - New profits for old product - Most new drugs are simply old drugs with a bit of window dressing to justify double the price tag. Yet, the dangers multiply from these novel twists a...

New drugs at least they cost a lot more - New drugs are the lifeblood of the pharmaceutical industry, as they account for around a third of a drug company’s profits every year. There’s usually...

Say no to new drugs - When your doctor reaches for his prescription pad, possibly the most important question you can ask is the age of the drug he’s about to prescribe you...

New drugs for old: - How drug companies make their profits - No E-news bulletin would be complete without some news about those bad, bad boys, the drug companies. This week we hear that GlaxoSmithKline has been...

The state of the drugs industry, part i: expect lighter-touch regulat - If you worry that drugs cause enough serious adverse reactions and side effects even after passing through a supposed draconian approval process you...

The profitable face of new drugs - The pharmaceutical industry is the only industry in the world enjoying an enormous increase in revenue of 15-20 per cent, year on year on year, during...

The state of the drugs industry, part iii: anyone at home at the medic - The Medicines Control Agency is the UK s drugs licensing authority It s there to protect the consumer against dangerous pharmaceutical drugs and to...

Why push new drugs when there are safer alternatives? - Thanks for the Special Report on antihypertensives (WDDTY vol 14 no 8). Exactly what I needed. I wish this information were in every doctor’s surgery...

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