Book Description:
A meticulously reported expose uncovers exactly how
the drug industry boosts sales and bilks consumers
in the most lucrative prescription drug market in
the world.
As the pharmaceutical industry invests more and more
in the development of new drugs, true breakthroughs
are few and far between. Into the breach comes a panoply
of product-line extensions and me-too drugs aimed
at grabbing market share. The industry plows its high
profits back into research, but invests an equal or
greater sum in flogging its products in every imaginable
venue. Research studies are designed to support marketing
claims. Many doctors all over the country get their
first information about new drugs from a salesperson.
And, increasingly, prescription drugs are pitched
to consumers on TV and the internet with images of
hope, terror, or chic. Evidence-based practice guidelines,
which endeavor to get the right medicines to those
who will benefit most, can't be heard over the din.
Having created an unprecedented number of "megabrands"--blockbuster
drugs with huge sales--and undergone an extraordinary
wave of consolidation, some drug companies now find
themselves in a precarious position. Patents are expiring
on flagship products. In order to sustain the growth
Wall Street has come to expect, these companies must
produce billions of dollars worth of new revenue--fast.
But can Americans continue to bankroll Operation Grow
Big Pharma? Must we swallow the bad with the good?
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