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 …
Big Pharma
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.
The FDA held a Vaccine Advisory Committee meeting yesterday (September 17, 2021) to discuss authorizing a third Pfizer COVID-19 “booster shot.” There were signs heading into the meeting this week that there could be some fireworks at this hearing, as two top vaccine research scientists at the FDA, Dr. Marion Gruber and Dr. Phillip Kause, the Director and Deputy Director of the Office of Vaccines Research, ...
The video below, by the German Club Der Klaren Worte, or the Club of Clear Words, takes a deep dive into the network of individuals and organizations responsible for the COVID scam. The audio is in German but there is a captioned translation at the bottom of the video. See PDF report HERE LifeSiteNews’ editor’s note: To view English, or other language subtitles in the video, ...
The CDC caused an uproar in early September 2021, after it changed its definitions of “vaccination” and “vaccine.” Investigative reporter and attorney Techno Fog obtained CDC emails recently via a FOIA request that explain why they changed the definitions on their government website. The simple answer is because the experimental “vaccines” did not work and Americans were wising up to this fact. According to CDC emails this was “problematic ...
Abstract: Analysis of the Vaccine Adverse Event Reporting System (VAERS) database can be used to estimate the number of excess deaths caused by the COVID vaccines. A simple analysis shows that it is likely that over 150,000 Americans have been killed by the current COVID vaccines as of Aug 28, 2021. by Jessica Rose, Mathew Crawford The Vaccine Adverse Event Reporting System (VAERS) database is the only ...
Using the Freedom of Information Act, Judicial Watch was able to acquire information from Moderna detailing its COVID immunization experiment on animals, which revealed that some of the rats’ pups who received the company’s mRNA shot were born with rib abnormalities. The 700 pages constitute a section of the official Biologics Licensing Application (BLA) package that a firm must submit to the FDA for approval. The ...
With the long-term clinical trials still underway, and tens of thousands of deaths, along with millions of serious vaccine injuries (see US VAERS data and the EU equivalent), the FDA cynically and politically gave full approval this morning to the Pfizer-BioNTech mRNA experimental gene modification drug. This will pave the way for further imposition of medical tyranny and vaccine mandates. The FDA claimed in 2020 that ...
The head of the World Health Organization’s origin investigation into COVID-19 has admitted that China basically ordered his team on what to write in their report and allowed them to mention the lab leak theory, but only on the condition that they didn’t recommend following it up. Revealing what is clear evidence of a cover up, the Washington Post reports that Danish WHO chief Ben Embarek ...
According to U.S. Surgeon General Dr. Vivek Murthy, if you’ve already recovered from a bout of COVID-19, the full-spectrum immunity mounted by your body may not be enough to prevent reinfection with the Delta variant, so your best bet is to get the COVID shot. Mid-August 2021 he told CNN:1 “… what we've understood, actually, from the studies about natural immunity, we are seeing more and ...
Back on July 28, Pfizer and BioNTech published six-month data on a key Wuhan coronavirus (Covid-19) “vaccine” clinical trial that claimed 15 participants who received the injections died compared to 14 who did not receive it. It turns out that the pharmaceutical duo lied about the numbers, as there were actually 21 deaths associated with the jabs. Pfizer-BioNTech basically trimmed off 30 percent of the deaths to ...
US pharmaceutical giant Johnson & Johnson and America’s three biggest drug distributors have agreed to pay a combined $26 billion to end the legal liability for their roles in spurring the nation’s opioid crisis. Attorneys general from seven states announced the deal on Wednesday, saying that Johnson & Johnson would pay $5 billion and distributors McKesson, Cardinal Health, and AmerisourceBergen about $21 billion combined. The money ...
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.
