Twenty attorneys general filed a lawsuit Thursday against six generic drug-makers alleging the companies conspired to artificially inflate and manipulate prices and reduce competition in the United States for two generic drugs: doxycycline hyclate delayed release and glyburide.
Doxycycline hyclate delayed release is an antibiotic and glyburide is an oral diabetic medication.
The companies are Heritage Pharmaceuticals, Auribindo Pharma USA, Citron Pharma, Mayne Pharma (USA), Mylan Pharmaceuticals, and Teva Pharmaceuticals USA.
The nation’s largest nursing home pharmacy, Omnicare Inc., has agreed to pay $28.125 million to resolve charges that it received kickbacks from Abbott Laboratories in exchange for promoting the prescription drug, Depakote, for nursing home patients.
“Every day, elderly nursing home residents suffering from dementia rely on the independent judgment of our nation’s healthcare professionals for their personal care and their medical treatment,” said Principal Deputy Assistant Attorney General Benjamin C. Mizer, head of the Department of Justice’s Civil Division. “Kickbacks to entities making drug recommendations compromise their independence and undermine their role in protecting nursing home residents from the use of unnecessary drugs.”
Nursing homes rely on consultant pharmacists, such as those employed by Omnicare, to review their residents’ medical charts at least monthly and make recommendations to their physicians about what drugs should be prescribed for those residents.
Nearly one-third of Americans polled by Consumer Reports said they had experienced a drug price hike in the past year, with some reporting not taking medications as prescribed, postponing medical tests and doctor’s visits, and spending less on groceries.
In an investigation into prescription drug costs, Consumer Reports identifies five key reasons behind the rampant rise in costs:
As the pharmaceutical industry and insurance company battle over profits, consumers are reeling from the uncontrolled rise in drug prices.
Nearly one-third of Americans polled by Consumer Reports said they had experienced a drug price hike in the past year, paying a total of $2 billion more for a drug they routinely take.
“Americans are being bled dry by corporate profiteering that is completely legal,” said Lisa Gill, deputy editor, Consumer Reports Best Buy Drugs. “And their pocketbook pain is reverberating through virtually every facet of their lives from retirement plans to family time to the essentials of daily living, such as buying groceries.”
The National Institutes of Health will not take action to authorize generic competition for an expensive, patented, and taxpayer-funded prostate cancer treatment, Francis Collins, director of the NIH, said Monday.
The drug, enzalutamide, is sold as Xtandi by only one company, the Japanese corporation Astellas Pharma.
Researchers at the University of California, Los Angeles, developed the medication with support from U.S. taxpayers. Astellas Pharma charges more than $129,000 per person per year for Xtandi in the United States.
Carter writes that she loved May Day when she was young. In the small town in Iowa where she lived, kids made simple paper May baskets and filled them with flowers, then hung them on their neighbor’s front doors. Then, at school, they’d do a Maypole dance.
I, too, love May Day and have memories of hanging May baskets in the small Central Washington communities where we lived. I especially love May Day because it means my birthday, May 4, is coming soon.
In addition, I love spring. The flowers here in the Seattle area are amazing in the spring: rhododendrons, dogwood, camellias, daffodils, tulips, azaleas, forsythia, flowering cherry trees, magnolia trees, and more.
Ironically, Carter writes that she’s stuck in the second snowstorm in two weeks in Southern Colorado.
What are other baby boomers up to on May Day? They’re writing about what parents and grandparents can to combat the influence on kids of negative role models in social media, how watching TV and being on social media can lead you to becoming a hypochondriac, how to figure out where to live once you’ve decided to sell your large home, how working longer can extend your life, and a study that shows thousands of midlife Americans are committing suicide at an alarming rate.
Click on the second link above to find out how to locate these articles. And, be sure and join in the conversations.
Copyright 2016, Rita R. Robison, Consumer Specialist
Warner Chilcott was sentenced Monday in a federal court to pay $125 million to resolve criminal and civil charges arising from the illegal promotion of some of its prescription drugs.
“Doctors’ diagnoses must be based on the best interests of the patient and not swayed by lavish meals or cash incentives,” said U.S. Attorney Carmen M. Ortiz.
“The illegal marketing of pharmaceuticals and the payment of kickbacks puts patients at risk of receiving inappropriate treatment purely for profit motives,” said U.S. Office of Personnel Management Acting Inspector General Norbert E. Vint.
Although the economy is improving slowly, consumers aren’t seeing the benefits. Salaries aren’t going up much with corporations and businesses, who have seen booming profits, keeping increasing profits for themselves. It’s not uncommon to hear news reports that corporations, across many sectors, are laying off hundreds of employees.
Then, there are the mergers. Big corporations are joining with other big corporations in record numbers. It usually means thousands of lost jobs and higher prices for consumers.