Connect with us

Health

Generic drug companies conspired to fix drug prices and rake in billions by cheating customers, lawsuit says – NaturalNews.com

Editor

Published

on

[ad_1]


Image: Generic drug companies conspired to fix drug prices and rake in billions by cheating customers, lawsuit says

(Natural News)
The business practices of Big Pharma are abhorrent, but some people manage to avoid falling victim to the inflated prices of brand-name medications by getting generic pills. Unfortunately, that is looking less and less like a viable alternative as more information about extensive price fixing among generic drug companies comes to light. Now, the makers of generic pills are facing a federal antitrust case brought about by 45 different states.

The attorneys general of the states in question are accusing nearly 20 generic drug makers of illegally collaborating to hike the prices of their drugs. According to the suit, which was first reported by Business Insider, employees at rival firms conspired in close communications about ways to increase their prices on drugs used to treat conditions like diabetes, insomnia, anxiety, heart failure, and epilepsy.

Their actions saw the prices of common drugs rise by 1,000 percent or more, with patients and taxpayers footing the bill. The lawsuit alleges they violated federal and state laws related to competition and consumer protection.

In one example mentioned in the civil suit, New Jersey drug company Heritage Pharmaceuticals contacted a rival’s vice president to “discuss strategy” related to how the price for a bone disease drug should be set. They found out how the rival was setting the price for its version of the medication and talked about how they could divide up the market to limit competition.

The lawsuit accuses some major pharmaceutical companies of this type of behavior, including Mylan, Novartis and Teva. Employees allegedly communicated via emails, text messages, phone calls and LinkedIn to find ways to hike the prices of a variety of generic medications. A criminal investigation by the U.S. Department of Justice is also underway.

Mother Nature’s micronutrient secret: Organic Broccoli Sprout Capsules now available, delivering 280mg of high-density nutrition, including the extraordinary “sulforaphane” and “glucosinolate” nutrients found only in cruciferous healing foods. Every lot laboratory tested. See availability here.

Two of the higher-ups at Heritage Pharmaceuticals, former president Jason Malek and ex-CEO Jeffrey Glazer, have already pleaded guilty to charges including price fixing, anti-competitive conduct, and bid-rigging in different criminal actions and are reportedly cooperating with investigators.

A better alternative?

These cases have cast generic drugs in a very negative light. As cheaper versions of brand-name meds that are made once their patents expire, they are considered by many to be a better alternative to their higher-end counterparts. Generic drugs have generally escaped the scrutiny and criticism lobbed at brand-name pharmaceuticals over their pricing practices and have been thought of as a market-based way of bringing down high drug costs through competition. Unfortunately, when generic drug makers are colluding to undermine this type of competition, everyone loses.

The lawsuit alleges that the generic drug manufacturers used their own type of inside terminology to refer to their collusion. For example, they talked about “playing nice in the sandbox” when referring to complying with their price fixing arrangements, with all drug makers expected to agree on drug prices and ensure everyone made a tidy profit.

According to the suit, Malek contacted Teva about a drug used for epilepsy, glaucoma and heart failure known as acetazolamide ER. The two firms ended up taking almost 80 percent of the market for this drug, and the attorneys general who brought the suit about say that Malek and the Teva employee agreed that if Heritage raised prices, Teva would do the same or at least agree not to try to take their customers by underbidding them.

They also discussed raising the price of an antifungal medication known as nystatin. This eventually led to Teva doubling the drug’s price after sharing information with its two main rivals for the medication. After receiving a text message complete with a smiley face informing them of the plan, Sun Pharmaceutical then raised its own price of the drug.

An employee of Sun also contacted Heritage to say they would temporarily stop manufacturing an antibiotic, paromomycin. In response, Malek instructed another Heritage employee to raise the price of the drug as Sun was its only competitor for that particular medication. The lawsuit also alleges that Heritage and Mylan worked together to keep the price of an acne drug, Doxy DR, high.

Yet another reason natural medicine is preferable

Generic drug makers saw shares drop sharply earlier this month on the news that the lawsuit had expanded into a huge probe into price fixing throughout the industry, encompassing more than 300 drugs.

An assistant attorney general in Connecticut, Joseph Nielsen, said: “This is most likely the largest cartel in the history of the United States.”

In one example cited in a report about the developments, the price of a common asthma medication was raised by 3,400 percent. With generic sales totaling roughly $104 billion this year alone, overbilling even a small fraction of these sales would amount to billions of dollars in extra costs for patients.

Whether you buy brand-name drugs or generic pills, being at the mercy of profit-obsessed pharmaceutical companies is always a losing proposition. It’s not just your wallet that’s at stake; many of their so-called “solutions” cause side effects that keep you coming back for more and more drugs to treat problems you never had in the first place. That’s why natural treatments are so popular these days – they’re typically safer, more effective, and a lot cheaper than drugs made in a lab.

See PrescriptionDrugs.news for more news coverage of Big Pharma’s mass medications.

Sources for this article include:

BusinessInsider.com

MarketWatch.com

[ad_2]

Source link

قالب وردپرس

Health

Now 10 cases of measles diagnosed in B.C. outbreak, vaccinations way up

Editor

Published

on

By

[ad_1]

VANCOUVER — Two new cases of measles have been diagnosed in the Vancouver area for a total of 10 illnesses as health officials say they’re concerned they can’t find the source of one of the infections.

Vancouver Coastal medical health officer Dr. Althea Hayden says nine of the cases are clearly associated with schools that were at the centre of the original outbreak this month, but they don’t know where the other person contracted the disease.

The health authority has also released a list of locations where one of the infected people travelled over three days from Feb. 15 to Feb. 18, including restaurants, on a Canada Line commuter train and Langara College.

Hayden says the health authority is doing its best to find the source of measles in the 10th person in an effort to prevent more people from being exposed.

Measles at first presents with flu-like symptoms, coughing, a runny nose and red eyes, but then a fever develops, followed by the distinctive rash.

Hayden says the response to a call for people to get vaccinated has been fantastic and the health authority has seen a large number of first-time vaccinations.

“It’s the best thing that people can do to protect themselves, it’s the best thing we all can do to protect our community.”

[ad_2]

Source link

قالب وردپرس

Continue Reading

Health

Students with ADHD less likely to enrol in post-secondary education, study says

Editor

Published

on

By

[ad_1]

Danielle Edwards, The Canadian Press


Published Friday, February 22, 2019 2:58PM EST

OTTAWA — Students with attention-deficit hyperactivity disorder are much less likely to go to college or university than those with no long-term health conditions, according to a new report from Statistics Canada.

The gap suggests teachers need better training in how to work with students whose behaviour can come off as disruptive and who might seem uninterested in their studies, advocates say.

“They are going to have one to three kids with ADHD in every class they teach for the rest of their career, and this is just regular classrooms, yet we’re not training them,” said Heidi Bernhardt, the executive director of the Centre for ADHD Awareness.

Researchers found that young people with neither a mental-health nor a neurodevelopmental disorder, 77 per cent had enrolled in a post-secondary program.

Only 48 per cent of Canadians between 18 and 22 years old who had a diagnosed mental-health condition had enrolled in a post-secondary institution. That includes students diagnosed with emotional, psychological or nervous conditions, but nearly three-quarters of this group were diagnosed with ADHD, which is considered a mental illness.

The researchers found 60 per cent of youth diagnosed with neurodevelopmental disorders enrolled, including people with epilepsy, cerebral palsy, intellectual disabilities or learning disabilities.

Among young adults with both a mental-health and a neurodevelopmental condition, 36 per cent had enrolled in higher education.

The report used data from the National Longitudinal Survey of Children and Youth, as well as some data from income-tax returns.

Educators may misinterpret the symptoms of ADHD as bad behaviour, leaving students discouraged about learning and more prone to dropping out of high school, said Bernhardt. She said students with ADHD and no additional learning disabilities score eight to 10 per cent lower in math and reading.

Andrew King, director of communications at the Canadian Teachers’ Federation, said there is no data on the number of teachers across the country who are trained in supporting students with special needs.

Bernhardt also said supports for students with ADHD are inconsistent across provinces.

Ontario has a system for identifying “exceptionalities” for students that divides disorders into five different categories, including autism and intellectual disabilities. ADHD isn’t on that list.

Dr. Philippe Robaey, head of the ADHD team at the Children’s Hospital of Eastern Ontario, said learning organizational skills is the biggest challenge facing students with the disorder, which can be difficult when they struggle with staying focused on one task.

“When I see kids with ADHD, what they often will say is that ‘I’m stupid.’ Of course they are not, this is the perception they may just develop about themselves, but they are not able to do things so they can develop very poor self-esteem and not believe in what they can do.”

Robaey said setting students with ADHD up for success starts with individualized learning plans and access to specialized classrooms and teachers who are equipped to encourage youth with special needs.

[ad_2]

Source link

قالب وردپرس

Continue Reading

Health

New biological batteries use energy inspired by electric eels, could be used on next-gen robots, bio-implants

Editor

Published

on

By

[ad_1]

(Natural News) Battery technology is constantly improving, despite there being only fair coverage about it on the news. Unless you’re specifically looking for what’s new in the world of rechargeable batteries, you aren’t likely to find a lot of information. But there are many experts around the world who are currently working on improving the…

Read More

[ad_2]

Source link

قالب وردپرس

Continue Reading

Chat

Trending