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Pharma Scandal: How Drug Companies Drain Your Wallet and Health
Shen Yaozi Webmaster of Yibian
2006/07/23 07:11
24 topics published
The Truth About the Drug Companies

Author: Marcia Angell
Publisher: Business Weekly Publications
Publication Date: May 9, 2006
Language: Traditional Chinese

During her twenty years at The New England Journal of Medicine, Marcia Angell witnessed the pharmaceutical industry increasingly deviating from its original mission of researching and manufacturing new drugs, transforming into a massive marketing machine with immense wealth and power. She meticulously observed the pervasive influence of pharmaceutical companies, which thoroughly infiltrated medical research, education, and practitioners, while expressing sympathy for the American public, especially the elderly, who are powerless to curb the soaring prices of prescription drugs. In this candid and incisive new book, Angell exposes the shocking truths of the pharmaceutical industry and urgently calls for necessary and substantial reforms.

Angell begins with the blockbuster drug AZT (the first AIDS drug), Taxol (the best-selling cancer drug in history), and the sensational anti-allergy drug Claritin, recounting the entire process of bringing new drugs to market. Between the lines, we can see that pharmaceutical companies have consistently relied on publicly funded research as the foundation for drug development, manipulated clinical trial results through unethical means, exaggerated drug efficacy, and then used their legal teams to extend government-approved monopoly rights. Moreover, the market is flooded with new generic drugs, which are not only more expensive but also not necessarily more effective than the drugs they imitate.

The American pharmaceutical industry must find a way to save itself to avoid falling into greater trouble. In the book, Angell proposes critical reform plans for the industry's survival, including rebuilding the spirit of objective clinical research and severing the umbilical relationship between pharmaceutical companies and medical education. With clear and powerful arguments supported by in-depth research, the book offers a heavy critique of the out-of-control development of the pharmaceutical industry.

Author Bio

Dr. Marcia Angell

Former editor of The New England Journal of Medicine, currently serving in the Department of Social Medicine at Harvard Medical School, Dr. Angell is a recognized authority in health policy and medical ethics in the United States. She is also a vocal advocate for healthcare system reform and was listed by TIME magazine as one of the 25 most influential people in America. Dr. Angell's other works include "Science on Trial: The Clash of Medical Evidence and the Law in the Breast Implant Case."

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