Big Pharma is the nickname given to the world’s vast and influential pharmaceutical industry and its trade group, the Pharmaceutical Research and Manufacturers of America or PhRMA. Big Pharma and medical device companies make billions of dollars every year selling drugs and devices — including those that were recalled or involved in fraud or product liability lawsuits. The global revenue for pharmaceuticals was over $1 trillion in 2014. But nowhere else in the world do the drug and medical device industries have as much power and make as much money as in the U.S. In fact, Americans spent an all-time high of $457 billion on prescription drugs in 2015. By 2020, it will be $610 billion. Medical devices are also lucrative. The U.S. makes up about half of the world’s share of the market at about $148 billion, according to the U.S. Department of Commerce.
Meanwhile, drug prices continue to rise. Consulting firm Segal Consulting expects drug prices for Americans under age 65 to rise 11.6 percent in 2017. In contrast, wages are only expected to rise 2.5 percent, leaving many American unable to afford their medications. Big Pharma even contributes heavily to the annual budget of the U.S. Food and Drug Administration (FDA) through application fees (user fees) for its new products. Experts say the industry contributes about two thirds of the FDA’s budget. Five of the top 10 pharma and medical device companies for 2016 are headquartered in the U.S.: Johnson & Johnson, Pfizer, Merck, Gilead and AbbVie.
The underside of the industry reveals a history of fraud, bribery, product liability lawsuits and scandals that led to billions in settlements — a known cost of doing business for these companies who are “too big to jail.” Despite criminal charges and fines, the companies continue to do business. The majority of drugs and medical devices have ties to a small group of parent companies. Prescription drugs and devices manufactured by these companies bring in billions in profits. The biggest drug makers may also have subsidiaries that manufacture medical devices. Pharmaceutical companies are typically larger and make more money than companies that focus on medical devices.
Chronological History of Big Pharma Corruption
Secret Society Insider, Dr. Richard Day, National Medical Director of Planned Parenthood, Reveals the Global Elite’s Evil Plan for Humanity
Rockefeller Foundation Developed Vaccines For “Mass-Scale” Fertility Reduction According to their 1968 Annual Report
Mass Inoculations of School Children Begins in Pittsburgh with the Polio Vaccine with a Live Virus that was Cancer-Causing and Shown to Paralyze Monkeys
Germ Warfare: China First Discovers the USA’s use of Insects Carrying Various Pathogens in Korean War
US Senator Wm. Lancer Petitions Congress to Investigate the Federal Injunction Imposed on Dr. Koch Following Success in Canada & South America in Cancer & Veterinary Treatments
WHO gives a broad definition of ‘Health’ at the International Health Conference in NY making it Possible to Link Mental Health / Psychiatry to Education
Dr. Max Gerson Called to Testify Before Congress (The Pepper-Neely Bill) on his Miraculous Cancer Treatment which was Later Expunged from the Congressional Record
The CDC (then called the Communicable Disease Center) is formed in GA with Help from the Rockefeller Foundation
John Rawlings Rees, Deputy Director of the Tavistock Institute for Medical Psychology, Speaks of Infiltration and Subversion of Education, Religion, Law, and Medicine
