Pharmaceutical industry

Definition and stakes

Council on Pharmacy and Chemistry,  The Propaganda for Reform in Proprietary Medicines…

“ The profits to be made by a pharmaceutical house from the sale of a staple drug—a pharmacopeial, National Formulary, or nonproprietary preparation—which enters into free competition with other drugs of the same kind, are moderate; the profits to be made from the sale of a proprietary medicine on which the manufacturer holds a monopoly are usually large—sometimes enormous. ”
Source: Gutenberg

Council on Pharmacy and Chemistry,  The Propaganda for Reform in Proprietary Medicines…

“ The laboratory attempts to be to the members of the American Medical Association what the prescription pharmacist is, or should be, to the prescribing physician—a storehouse of chemical and pharmaceutical information. In the belief that an insufficient familiarity with the chemistry and pharmacy of drugs constitutes the chief reason for the extensive use of unscientific, worthless or fraudulent proprietary remedies, this service is rendered by the laboratory as a contribution to the cause of rational therapy. ”
Source: Gutenberg

Portrait of Judd Gregg Judd Gregg,  FDA Reauthorization Bill And Prescription Drug Reimportation

“ Well, drugs must appear in the marketplace. We don't have to be concerned with the fact of getting capital into the investment exercise. We don't have to be concerned with the fact that it takes years and years to research these products and hundreds of millions of dollars to bring them to the market, they just appear. We can basically, for lack of a better term, kill the goose that is laying the drug or the biologic or the pharmaceutical or the device that is saving people and not worry about it. ”
Source: Wikisource

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