Wednesday, January 26, 2011

US Government gets into drug biz

Big Pharma aren't coming out with new "breakthrough" drugs quickly enough, and now the U.S. government plans to spend taxpayer dollars conducting research on drugs which will be turned over to Big Pharma. Those drug companies, in turn, will sell them for a profit. How does that sit with you?

This is all happening because drug companies say they're scaling back their research funding to find new drugs. This terrifies the U.S. government, apparently, which doesn't recognize that scaling back drug company R&D is actually a good thing for America given how much economic damage and personal health damage is caused each year by Big Pharma's dangerous drugs.

The new government drug research center will operate under the National Institutes of Health (NIH) and be called the National Center for Advancing Translational Sciences, which could get at least $1 billion annually in funding.

Smell Another Big Pharma Bailout?

Many of Big Pharma's "blockbuster" drugs are outright failures from a human health perspective. Because so many of these drugs cause extremely dangerous and even deadly side effects, Big Pharma is becoming gun-shy in the wake of billions of dollars of lawsuits and the possibility of some executives going to prison.

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