2. $800 million dollars was made by overbilling the government from just these two drugs. 3. The attorney of DaVita claimed that the vitals/medicine were not wasted. She states that you have to look at all of the issues such as; infection control.…
James Tanner The Immortal Life of Henrietta Lacks Timeline 1952 First immortal cells cultured. Collected from Henrietta's cervix. Named HeLa cells.…
Again, those penalties represent a small portion of the proceeds from their crimes as OxyContin accounted for roughly 90% of Purdue Pharma’s profits and they sold up to $3.1 billion of OxyContin in 2010. Predictably, Purdue Pharma received such a mild penalty seemingly due to political connections. In 2002 Purdue Pharma hired Rudy Giuliani’s consulting firm, Giuliani Partners, to handle damage control.…
The pharmaceutical industry has very little fear of repercussions and the best example may be how OxyContin competes for sales with black market heroin. OxyContin is a synthetic opiate that is supposed to be prescribed strictly for severe pain. As you may remember, OxyContin used to be the drug of choice for the former drug war advocate Rush Limbaugh. Limbaugh’s story clearly touches upon some of the hypocritical aspects of the drug war. Mind you, he was a fully functional drug addict who harmed no one…
Alisa, You have been thorough in your investigation of the Express Scripts (Holdings). While the pharmacy management company may be a viable stock option, it is not without issues, some of which include relationship, consumer, and legal complaints and problems, requiring the company to use agency costs to rectify them. Being a healthcare provider for 26 years, personal experience has shown that the corporate governance of healthcare companies becomes progressively fraught with issues made worse by increasing regulations, oversight, and ethical issues. Express Scripts has not escaped these impediments unscathed.…
The ethical sugar coating had been enough for GlaxoSmithKline to make billions off of a drug that does not even have a proven scientific result. This happened because they "offered grants to sponsor research on their drugs" and only kept "those researchers who produced results favorable to the drugs" while at the same time dismissing any contradictory evidence (Watters 527). Then they proceeded to market the fact that they have had renowned researchers and scientists to test and prove that their drug does work. This method left a lot of room for biased…
The Medicines Company is a newly formed firm that has interesting business model. Medicines Company acquires drugs that have been abandoned from other pharmaceutical companies due to lack of early state research results. Medicines Company’s success relies on their ability to save “rejected” compounds, receive FDA approval for their used, and to make a profit of the drug. This case study mainly focuses at the first years of this new startup company, mainly on the initial review of their first “saved” drug called Angiomax. Angiomax is a former abandon anticoagulant drug of Biogen.…
Recently in 2021 the Sackler family, the owners of Purdue Pharma, had to pay $6 billion as part of a settlement to thousands of people who started lawsuits claiming that they started the opioid epidemic, and they also had to pay money to over 100,000 families that had lost a family member due to…
The most prevalent form of fraud in the health care system entails the commission of Medicare and Medicaid fraud and abuse committed by doctors or other health care providers. Enacted during the 1960’s, Medicare and Medicaid’s main purpose was to serve the elderly and the poor. At the time of their enactment, there were no concerns for fraud, however by the mid 1970’s, this had changed and continues to be a problem today. One recent article that has exhibited more than one form of fraud involves the company DaVita, formally known as Total Renal Care (TRC).…
There are several reasons why health care companies utilize health care law firms. Due to the nature of the industry, agencies must secure legal representation to defend against certain claims and lawsuits. This can be in the form of class action suits, along with individual and even corporate claims. These specialized lawyers represent the providers in these cases. They also represent health professionals and organizations in regulatory and business matters.…
Plan A opinion: In the first plan the problem is the International Drug company not agreeing on the Glass Bottle company plan. The lease agreement will create the International Drug to be under debt. They will cause to be under default under debt/asset requirement.…
Companies justify the skyrocketing price of the drugs by stating that in order for the company to survive and to be capable of making more of these types of drugs that they have to make some kind of profit, or that they are trying to develop an even better drug that is more effective. I can see where some can understand and agree with these justifications or arguments, because a business cannot run smoothly or effectively if there is no profit. However, because of my morals I have to lean towards the ethics side of the situation and wonder if these companies are taking advantage of the fact that these drugs are a matter of life or death for a patient. As stated in the second video about skyrocketing drug prices, Klyn Elsbury states that she feels like the companies are putting a price tag on her life worth. The fact of the matter is a lot if not most of these patients who need these lifesaving drugs donated money for the drugs research as is the case for the drug Orkambi or Kalydeco, both drug that treat cystic fibrosis.…
HealthSouth was what seemed to be an ordinary striving medical business. Some would even say it was the most successful in its field , but unlike other corporations, it had a foul secret. All the grand success that HealthSouth was known for was a lie, a mask to hide what was going on behind the scene, hidden from the public eye. A secret so well hidden, that it went unnoticed for years. A secret so large it broke not only the law but several accounting principles.…
In a society where we have to give something in return for everything we acquire, we pay whatever “price” necessary to get what we need and most often we cannot offer what is wanted by those that offer us what we need. When it comes to medicine or treatments that could save lives, one cannot help but wonder if we can place restrictions on such profit. However, the companies are essential to the creation of such medical treatments, if we restrict their profit and limit their gain, there is the potential that they will not endeavor to continue excelling in their business. Without, the treatments, even as high priced as they may be, we would be in a worse position, because as you mentioned at least we have some access to it, which is better than having no access to such medicine. Ultimately, it is difficult to say if the companies are unethical or ethical, it all depends on how you view fairness and justice, which everyone views…
The number of complaints due to faulty drug promotion was very close in both countries; specifically, 933 complaints were registered in the UK and 916 in Sweden (see figure 2). It is worthy to note that both countries were registering more than one complaint per week due to improper drug promotion. Out of the 933 complaints in the UK, 110 complaints were considered serious violations (11.8%); furthermore, there were 916 complaints in Sweden of which 101 complaints were serious violations (see figure 2). In addition, it is worthy to note that a large number of serious violations in both countries stemmed from drug promotion for diabetes and urology drug products. The ability to identify, monitor and track misrepresentation was due to regulatory agencies from both countries following active monitoring.…