Prescription Drugs Feed

Biden signs sweeping order aimed at reining in corporate power

President Joe Biden signed an executive order Friday on promoting competition in the American economy. It launches a government effort to combat growing market power in the U.S. economy by seeking to ensure that markets are competitive. Read more →

Corporate prosecutions dropped to a 25-year low during last year of Trump administration

Corporations escaped punishment at record levels during President Trump’s last year in office, when federal prosecutions of corporate criminals fell to just 94 – the lowest on record since the government started tracking corporate prosecution statistics in 1996, a Public Citizen report found. Read more →

Purdue Pharma pleads guilty to 3 criminal charges for opioid sales, but attorneys general and consumer groups say it’s not enough

Opioid manufacturer Purdue Pharma has agreed to plead guilty to three criminal charges as part of a settlement of more than $8 billion. The agreement doesn’t include the criminal release of the company’s executives or owners Read more →

Real solutions needed to high drug prices, not $200 Trump cards

Thirty-three million Medicare beneficiaries will receive a discount card in the mail for $200 that can be used to help pay for prescription drugs, President Trump said Sept. 24. However, a consumer group said Trump’s bizarre announcement is a transparent and pathetic attempt to bribe seniors for their votes. Read more →

Pharmaceutical companies raise the prices of more than 250 drugs as of Jan. 1

Big pharmaceutical corporations, including Gilead, Pfizer, and GlaxoSmithKline, have hiked the prices of more than 250 prescription drugs as of Jan. 1. Annual and biannual price increases on medicines have become a standard practice of brand-name pharma corporations. Read more →

Top consumer stories for 2019

As usual, most of the end-of-the-year, round-up articles are about national issues or corporations. If consumers are mentioned, it’s usually about how they’re responding to some corporation. For the most part, it’s been a grim year for consumers. Read more →

Corporations keep breaking the law due to declining federal prosecutions

Corporations keep breaking the law, and the Department of Justice keeps refusing to prosecute them, a report finds. The DOJ’s refusal to bring criminal prosecutions against big banks, big pharma, and other big businesses has led to a failure to deter repeat offenders. Read more →

CVS-Aetna merger harmful to patients, consumer advocates tell the judge

Photo: JJBers CVS-Aetna lawyers, consumer advocates, and health care organizations gathered Thursday in Washington, D.C., for oral arguments on whether the Department of Justice’s proposed final judgment in the CVS-Aetna merger is in the public interest. U.S. Public Interest Research Group, which filed a friend of the court brief with... Read more →