The term “big pharma” refers to the global pharmaceutical industry, which includes giant corporations that bring in billions of dollars in annual profit. The modern pharmaceutical industry has roots tracing back to the 19th century when research in areas such as chemistry and physiology allowed for the discovery of new […]
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Big Pharma Is Pressuring Joe Manchin to Oppose Drug Pricing Reforms
In the first two years of the Joe Biden presidency, Senator Joe Manchin has become one of big business’s favorite lawmakers, thanks to the way he stalled and ultimately killed Democrats’ Build Back Better bill, a health care and climate spending package that included the party’s signature drug pricing measure. […]
Big Pharma Is Still Making Absurd Profits Off of the Pandemic
Last week, drug giant Pfizer told investors that it expects to make more than $50 billion off its COVID-19 medicines this year. Its vaccine is the most lucrative medicine in history, accruing $37 billion in 2021, and has sent its corporate revenues into the stratosphere. By the end of this year, […]
Big Pharma Ally Rep. Kurt Schrader Distorts His Record On Drug Prices
In a 30-second TV advertisement filled with footage of adorable dogs, Rep. Kurt Schrader (D-Ore.), a veterinarian and farmer, touts his work to lower prescription drug prices. Referring to the dogs, Schrader says, “I’m making a real difference for their owners too — taking on drug companies to lower insulin […]
Doctors with Big Group to Stop Seeing Patients at Wilson Hospital
Tens of thousands of patients of a Broome County primary care provider will be affected when doctors no longer see them at Wilson Medical Center in Johnson City. Endwell Family Physicians has announced that the new policy will start July 1. In a message to patients, the group said its […]
Why Big Pharma’s main argument about drug prices doesn’t hold up, according to Rep. Katie Porter
The pharmaceutical industry has drawn strong criticism over the past decade for driving up the prices of prescription drugs. Although Big Pharma executives and supporters argue that these price hikes are necessary in order to sustain research and development (R&D), i.e. innovation to help the development of new medications, not […]
Big pharma profiting off of the pandemic neglects public health | Opinion
(Gabriela Mendoza / Daily Titan) Millions of lives were at stake when the COVID-19 pandemic loomed over the United States with no mass vaccine distribution. Despite big pharmaceutical companies swooping in to the rescue, they are not heroes but pandemic profiteers. American vaccine manufacturers like Pfizer, Moderna and Johnson & […]
Experts warn that ‘patient influencers’ are being paid by big pharma companies to hawk drugs
As trust in the pharmaceutical companies wanes in the U.S., the firms are turning towards ‘patient influencers’ to use trusted figures in online communities to help hawk drugs to patients, experts warn. A team at the University of Colorado, Boulder, warns in a report published last week that pharmaceutical companies […]
Exclusive: How big is the gender pay gap in the pharma industry in Britain?
Some 95.7% of companies in the pharmaceutical industry pay their male employees more than their female staff, a Pharmaceutical Technology analysis reveals. The figures, which are based on reporting from all companies in the United Kingdom with a headcount of 250 employees or more, show that two of the 46 […]
Which Companies Aren’t Exiting Russia? Big Pharma
[UPDATED at 11:30 a.m. ET] Even as the war in Ukraine has prompted an exodus of international companies — from fast-food chains and oil producers to luxury retailers — from Russia, U.S. and global drug companies said they would continue manufacturing and selling their products there. Airlines, automakers, banks, and […]