Tag Archives: The Pharmaceutical Industry

The Pharmaceutical Industry . .

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In 1901, Bayer marketed heroin as a non-addictive morphine substitute and cough suppressant. This was when heroin first hit the market, and people had high hopes….and then, well, it turned out to be the street drug we know today.

In 2008, research found that pharmaceutical companies spent twice as much money on advertisement than they did on research. What’s more, they typically would buy research from leading universities instead of doing it themselves!

Between the years of 1980 and 2010, the price of prescription drugs increased by %300. Big Pharma just keeps on getting greedier and greedier without regulations.

Only 11% of Americans claim to trust the pharmaceutical industry. The fact that they remain so profitable illustrates just how much they have us under their thumb right now.

The top 20 big pharmaceutical companies spend 26 times more than the rest of the biotech field combined. Those numbers, for the record, are $96 billion and $3.7 billion, respectively.

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Cocaine was the first local anesthetic, having been used as such from 1884 and onwards. However, in recent years it’s made something of a transition from the operating room to the stock room. If you catch our drift.

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An article in 1998 claimed that adverse drug reactions may cause more than 100,000 deaths a year in the US alone. So when those prescription drug commercials say “and in rare cases, death,” they are not lying!

According to the British Medical Journal, only about 6% of drug advertising material is supported by scientific evidence.

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Every year since 1982, the pharmaceutical industry has been the most profitable. In fact, it has averaged 3 times the return on revenue more than the average return from any other industry represented in the global Fortune 500,

90% of senior citizens take daily prescriptions costing them $1,500 per year, and 1 in 4 skip doses to reduce their cost. It’s pretty jarring when a company’s desire for higher profits can put an individual at risk.

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Xanax is marked up 569,958% from the cost of its active ingredients. It’s an extreme example, but it is by no means an exception: Most pharmaceutical companies mark-up the price of their drugs by an extraordinary amount.