Pharma is easy money, especially with the population getting older and the breakthroughs getting better.
Oil is on it's way out, Food is crazy volatile. Other industries can't compete with the margins in that industry.
5 Most Profitable Industries in the World…One of the Top Three Shocked Me
- Thread starter ⠝⠕⠏⠑
- Start date
Oil is on it's way out, Food is crazy volatile. Other industries can't compete with the margins in that industry.
The situation is unacceptable but shouldn't be difficult to understand.
The entry level for food production is low. You wouldn't be able to get away with selling rice for a ridiculous price because people can go elsewhere or come up with their own solutions.
Medicine is less straightforward. Few people have the money and resources needed to find cures. We live in a world where they can patent the cures which puts limitations on the production and allows them to negotiate a high price of sale.
I would assume pharmaceuticals was #1
shyt all profit
And the govt rigs it where they can set their price point 1000% above their costs
And even when the average person can't afford the cost
The insurance industry offsets that cost and pays them
shyt all profit
And the govt rigs it where they can set their price point 1000% above their costs
And even when the average person can't afford the cost
The insurance industry offsets that cost and pays them
You'd think the way they're ordained in the phizer ministry
Vandelay
Life is absurd. Lean into it.
This shouldn't be surprising. The cost of goods sold for pharmaceuticals isn't expensive, which what I think this article is referring to.
The R&D is hella expensive for some pharmaceuticals which allows for some products to be loss leaders and other products to be super profitable to account for those other drugs.
Household products, computer products and supplies only cost pennies or a few dollars to make, but the r&d or the fabrication for the manufacturing process costs a lot. For instance, a microchip and the sum of it's parts are cheap, the foundry to make it, isn't which is where the bulk of the costs are aligned. Oil and energy is relatively cheap to mine or generate, energy cartels just adjust production to fukk with the price.
The R&D is hella expensive for some pharmaceuticals which allows for some products to be loss leaders and other products to be super profitable to account for those other drugs.
Household products, computer products and supplies only cost pennies or a few dollars to make, but the r&d or the fabrication for the manufacturing process costs a lot. For instance, a microchip and the sum of it's parts are cheap, the foundry to make it, isn't which is where the bulk of the costs are aligned. Oil and energy is relatively cheap to mine or generate, energy cartels just adjust production to fukk with the price.
Clayton Endicott
Superstar
That site layout is trash 
*Bookmarked.
I got time for this type of thread.
....
Reserved spot for my content commentary.
I got time for this type of thread.
....Reserved spot for my content commentary.
Girl!!!! I’m trying to find the article on medical inventors and researchers who vanished when they found cures and patents. I read that shyt last year.Twilight zone levels of deep.
Keywords: Purdue Pharma, Astra Zeneca
Some dots I don’t wanna connect
Tell humans to STOP!First they want us in debt, now they want us sick so they can make a profit.
And the FDA whose supposed to regulate this shyt is bought and sold.
Tell em to STOP
Hidden conflicts? Pharma payments to FDA advisers after drug approvals spark ethical concerns
Well of COURSE it’s a fukking ethical conflict if the agency responsible for monitoring medication is paid the fukk off by the people making the drugs!
I don’t understand why this shyt isn’t bigger in the collective consciousness of Americans.
Well of COURSE it’s a fukking ethical conflict if the agency responsible for monitoring medication is paid the fukk off by the people making the drugs!I don’t understand why this shyt isn’t bigger in the collective consciousness of Americans.
I would assume pharmaceuticals was #1
shyt all profit
And the govt rigs it where they can set their price point 1000% above their costs
And even when the average person can't afford the cost
The insurance industry offsets that cost and pays them
This shyt is ridiculous. I mean seriously.What’s the purpose of the FDA if they just gon be paid off to do whatever?
Why is the FDA Funded in Part by the Companies It Regulates?
Nearly half the agency's budget now comes from 'user fees' paid by companies seeking approval for medical devices or drugs
And how the fukk we gotta “War on Drugs” but this shyt gets obscured.
I’m more likely to hear about a small-time weed dealer getting busted than the fact that Medical drugs generates more income than the combined GDP of several small countries.
How the FDA & Big Pharma Collusion Can Kill Us While Taking Our Money - SFPMG
Recent press releases from the FDA and Justice Department proudly announced Johnson & Johnson [J&J] had been given a fine of 2.2 Billion [with a “B”] dollars. When I read the media reports about this huge fine, I was impressed. Perhaps the FDA system still has it within themselves to muster up the courage and independence to stand up and police a Big Pharma company such as J&J. Could the FDA actually begin to protect the vulnerable public?
Who is Big Pharma? It is a small group of large international pharmaceutical companies who have taken a large degree of control over what we as doctors and patients are allowed to use in medical care. Many insightful medical investigations have pointed out these companies have an inherent need to make enormous profits simply to exist. This means that the profit potential of a drug often overshadows the risks and effectiveness of the medication.
Overall this represents a great change in medicine during the past 40 years. The reality is that it is a business and marketing plan, not a diabolical plot. However, it is a business plan using high-octane pharmaceuticals that can kill if not rigorously policed by a third party.
As an organization, the FDA has repeatedly been shown to be unable to withstand the public and private pressures put on them by the might of Big Pharma. These campaigns for drug approvals are funded by the immense profits Big Pharma reaps through their sales. This issue is compounded and further muddied by the revolving door that regularly swaps personnel between the FDA and pharmaceuticals companies that it is supposed to regulate. It really has become like putting the fox in charge of the hen house. The book titled Big Pharma: Exposing the Global Healthcare Agenda by Jacky Law provides more of the details.
You may be thinking that if the FDA can levy a $2,200,000,000 fine, things are going to be different now. Right? Not so fast, the details reveal the exact opposite.
The fine is part of a larger settlement which represents a new triumph for J&J and by extension all of Big Pharma. Most importantly this fine sets a precedent, a protocol so to speak. It allows Big Pharma to get away with marketing an immensely profitable medication in spite of being repeatedly warned to stop by the FDA. The FDA rejected the request from J&J to market a drug called Risperdal for off label uses. Besides not believing it was an effective treatment, the FDA also suspected the drug was actually maiming kids and causing strokes and early deaths in the elderly.
Here is why J&J chose to disregard these warnings of strokes, deaths, etc. for up to 9 years. The company was making money, a lot of money, on the sale of Risperdal. The total net profit on this drug alone was 24 BILLION dollars. Therefore the final fine represented only 9% of their profits. That fact was somehow left out of the press releases put out by the FDA and Justice Department emphasizing the size of the fine. Instead, the attorney general indicated that fines of this size would send a message of fear to the entire industry. Instead it sends a message of fear to any of us who discovers the details of this fine. Big Pharma has been reassured, not frightened. It is the people who are supposed to be protected who are now frightened. The settlement dramatizes how much Big Pharma can now do without fear of being held accountable. The watchdog policing arm of the FDA has been neutralized by profits.
There are more disturbing details. Again, one has to ask, where is the outrage?
Who paid J&J these insane profits?
We do, you and I. Most of the patients receiving Risperdal off label were in government assisted medical care.
Some taxpayers have to work two jobs. We pay our income taxes. Some of that money goes to paying the salaries, lucrative pensions and vacations of the same FDA staff that do not have the courage or are compromised to do their job.
J&J targeted doctors managing these government assisted medical programs. The settlement included the information that kickbacks were used to get these doctors to create a need for a drug, which carried warnings of non-effectiveness and dangers. Why did these doctors not step up and ‘just say no’? Finally, who pays for the doctors that provide services for those on government assisted medical care? You guessed it. We do as taxpayers.
Suggested reading: On the Take: How Medicine’s Complicity with Big Business Can Endanger Your Health by Dr. Jerome Kassirer
So we, as taxpayers, ultimately pay for the entire chain of corruption. J&J profits, FDA, and government paid doctors employed by us to care for the infirm and indigent.
Who were the patients? Why is this important?
Pre-teen boys and the elderly needing some form of nursing assistance were the primary patient groups. Strange combination, but notice what these groups have in common. Neither had direct control of the intake of their medications. The current business model of Big Pharma yields more stable revenue and profit when the products are consumed by patients who have someone else obtaining it, giving it to them, and who are not in a position to question its value or safety.
Now From the “It Can’t Get Worse, But It Does” Department: Further Terms of the Settlement
The fine was accompanied by a legally binding document. The settlement document had J&J admitting guilt to criminal activities. The executives involved were then given permanent immunity from prosecution for those criminal activities! What a great deal this was for them; the envy of every illegal drug or narcotics dealer in prison.
Did the fine and settlement ‘send a message’ to J&J and its executives?
The J&J stock price was not affected by the settlement. The message here to the company seems to be “congratulations” for getting such a sweet deal when you broke the law.
What about the executives? Well, one executive in particular deserves special mention. His name is Alex Gorsky. He initiated the off-label marketing plan to expand the use of Risperdal beyond the FDA permitted limits. He was so identified with this drug, that for a time he included the tremendous increase in profits from Risperdal in his personal resume!
What did the company do to teach him a lesson after he brought down the “wrath” of the FDA and the Justice Department on the company? He was promoted by the J&J Board of Directors to be the head of the entire company. He is the new CEO!
What does this mean for you?
So once again, buyer beware when it comes to Big Pharma. With huge profits as the key business driver, their next drug might help you, or it might kill you, but the Big Pharma company that makes the drug will definitely make a killing.
How dark does this shyt get?!
Recent press releases from the FDA and Justice Department proudly announced Johnson & Johnson [J&J] had been given a fine of 2.2 Billion [with a “B”] dollars. When I read the media reports about this huge fine, I was impressed. Perhaps the FDA system still has it within themselves to muster up the courage and independence to stand up and police a Big Pharma company such as J&J. Could the FDA actually begin to protect the vulnerable public?
Who is Big Pharma? It is a small group of large international pharmaceutical companies who have taken a large degree of control over what we as doctors and patients are allowed to use in medical care. Many insightful medical investigations have pointed out these companies have an inherent need to make enormous profits simply to exist. This means that the profit potential of a drug often overshadows the risks and effectiveness of the medication.
Overall this represents a great change in medicine during the past 40 years. The reality is that it is a business and marketing plan, not a diabolical plot. However, it is a business plan using high-octane pharmaceuticals that can kill if not rigorously policed by a third party.
As an organization, the FDA has repeatedly been shown to be unable to withstand the public and private pressures put on them by the might of Big Pharma. These campaigns for drug approvals are funded by the immense profits Big Pharma reaps through their sales. This issue is compounded and further muddied by the revolving door that regularly swaps personnel between the FDA and pharmaceuticals companies that it is supposed to regulate. It really has become like putting the fox in charge of the hen house. The book titled Big Pharma: Exposing the Global Healthcare Agenda by Jacky Law provides more of the details.
You may be thinking that if the FDA can levy a $2,200,000,000 fine, things are going to be different now. Right? Not so fast, the details reveal the exact opposite.
The fine is part of a larger settlement which represents a new triumph for J&J and by extension all of Big Pharma. Most importantly this fine sets a precedent, a protocol so to speak. It allows Big Pharma to get away with marketing an immensely profitable medication in spite of being repeatedly warned to stop by the FDA. The FDA rejected the request from J&J to market a drug called Risperdal for off label uses. Besides not believing it was an effective treatment, the FDA also suspected the drug was actually maiming kids and causing strokes and early deaths in the elderly.
Here is why J&J chose to disregard these warnings of strokes, deaths, etc. for up to 9 years. The company was making money, a lot of money, on the sale of Risperdal. The total net profit on this drug alone was 24 BILLION dollars. Therefore the final fine represented only 9% of their profits. That fact was somehow left out of the press releases put out by the FDA and Justice Department emphasizing the size of the fine. Instead, the attorney general indicated that fines of this size would send a message of fear to the entire industry. Instead it sends a message of fear to any of us who discovers the details of this fine. Big Pharma has been reassured, not frightened. It is the people who are supposed to be protected who are now frightened. The settlement dramatizes how much Big Pharma can now do without fear of being held accountable. The watchdog policing arm of the FDA has been neutralized by profits.
There are more disturbing details. Again, one has to ask, where is the outrage?
Who paid J&J these insane profits?
We do, you and I. Most of the patients receiving Risperdal off label were in government assisted medical care.
Some taxpayers have to work two jobs. We pay our income taxes. Some of that money goes to paying the salaries, lucrative pensions and vacations of the same FDA staff that do not have the courage or are compromised to do their job.
J&J targeted doctors managing these government assisted medical programs. The settlement included the information that kickbacks were used to get these doctors to create a need for a drug, which carried warnings of non-effectiveness and dangers. Why did these doctors not step up and ‘just say no’? Finally, who pays for the doctors that provide services for those on government assisted medical care? You guessed it. We do as taxpayers.
Suggested reading: On the Take: How Medicine’s Complicity with Big Business Can Endanger Your Health by Dr. Jerome Kassirer
So we, as taxpayers, ultimately pay for the entire chain of corruption. J&J profits, FDA, and government paid doctors employed by us to care for the infirm and indigent.
Who were the patients? Why is this important?
Pre-teen boys and the elderly needing some form of nursing assistance were the primary patient groups. Strange combination, but notice what these groups have in common. Neither had direct control of the intake of their medications. The current business model of Big Pharma yields more stable revenue and profit when the products are consumed by patients who have someone else obtaining it, giving it to them, and who are not in a position to question its value or safety.
Now From the “It Can’t Get Worse, But It Does” Department: Further Terms of the Settlement
The fine was accompanied by a legally binding document. The settlement document had J&J admitting guilt to criminal activities. The executives involved were then given permanent immunity from prosecution for those criminal activities! What a great deal this was for them; the envy of every illegal drug or narcotics dealer in prison.
Did the fine and settlement ‘send a message’ to J&J and its executives?
The J&J stock price was not affected by the settlement. The message here to the company seems to be “congratulations” for getting such a sweet deal when you broke the law.
What about the executives? Well, one executive in particular deserves special mention. His name is Alex Gorsky. He initiated the off-label marketing plan to expand the use of Risperdal beyond the FDA permitted limits. He was so identified with this drug, that for a time he included the tremendous increase in profits from Risperdal in his personal resume!
What did the company do to teach him a lesson after he brought down the “wrath” of the FDA and the Justice Department on the company? He was promoted by the J&J Board of Directors to be the head of the entire company. He is the new CEO!
What does this mean for you?
So once again, buyer beware when it comes to Big Pharma. With huge profits as the key business driver, their next drug might help you, or it might kill you, but the Big Pharma company that makes the drug will definitely make a killing.
That’s just one of the articles. The more I google, the more shyt keeps coming up!can u post it? The fact that the FDA puts food and drug under one branch shows how connected they are. I tell my glutton friends dont look down on a weed head or alcoholic when they drinking 600 calorie liquid diabetes dunkin or starbucks daily.
one quote that stuck out to me this pandemic was a guy that survived being on the ventilator for a few months. He said the hospital bills he racked up it wouldve been better for him to have died
How dark does this shyt get?!