Big Pharma

Description

ACER GAMSAT Philosophical conversation Mind Map on Big Pharma, created by Nathan Lin on 16/01/2022.
Nathan Lin
Mind Map by Nathan Lin, updated more than 1 year ago
Nathan Lin
Created by Nathan Lin over 2 years ago
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Resource summary

Big Pharma
  1. Martin Shkreli
    1. Sells Daraprim
      1. For Malaria and HIV
      2. One of America's most hated
        1. $13.5 -> $750
        2. Hedge fund manager
          1. Wants to maximise profit
            1. Capitalism
              1. Makes money over illnesses
                1. How is this achieved?
                  1. Via misinformation
                    1. Oxycontin
                    2. Influencing regulators
          2. Controversy: They have a lot of power as they can choose who lives and who dies
            1. High cost of medicine makes it inaccessible
              1. Big Pharma are allowed to influence FDA
                1. Big pharma bought influence into the US congress too
                  1. US lawmakers allow this system to occur (Pharma affecting its regulators)
                    1. Big pharmas wrote checks to US politicians
                      1. The Big pharma and health medicine industry is the biggest lobbying industry
                        1. By law: Big pharmas can set the prices of their drugs, no negotiations
                      2. Big pharmas contribute to campaign donations
                        1. Hire lobbyists + Lawyers to squash any challenges/suing
                  2. COVID Pandemic
                    1. Boosters may become a reality
                      1. Pharma's are benefitting
                        1. Blackmail governments
                          1. Maximise prices for profit
                            1. Makes it inaccessible to some countries
                              1. Fuelling inequity
                        2. US's Opioid epidemic
                          1. Purdue Pharma
                            1. Oxycontin
                              1. Claimed by pharma as not being addictive
                                1. Pharms sent sales representatives on opioid not being addictive + it being okay to be prescribed in higher doses
                                  1. Doctors prescribed it to millions
                                    1. Millions of people became addicted to it
                                      1. Johnson & Johnson + Teva were other pharmas' also guilty
                                        1. Thousands of opioid drug deaths
                                          1. When Purdue was sued, they cleared bankruptcy and paid a measly fine, no jail time
                                      2. Pharma made billions
                                    2. Never held clinical trials to show this - Purdue lied
                                    3. An Opioid, a painkiller
                                2. Big Pharma pushing unproven cures
                                  1. Use the help of regulators who are friends
                                    1. Aduhelm Drug
                                      1. Pharma: Biogen
                                        1. FDA approved
                                          1. Claimed as a treatment for AD
                                            1. Not enough evidence of this claim
                                              1. All FDA's 11 advisors were against this
                                                1. Biogen had a close relationship with FDA officials
                                                  1. FDA still approved the drug
                                                    1. 3 FDA advisors resigned in protest
                                                      1. FDA is supposed to be a watchdog for BIG pharmas
                                                        1. It is like a union, for the interests of customers
                                                          1. FDA shouldn't have such a close relationship with companies it should be regulating
                                                            1. 45% of FDA's budget comes from industry (pharmas) paying to apply for FDA approval
                                                              1. How can the FDA remain impartial?
                                                2. 56K per year
                                              2. A monopoly
                                                1. The new Drug cartel/mafia
                                                2. Set prices
                                                  1. Influence policy makers
                                                    1. Use lawyers to squash competition
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