The term “Big Pharma” is a derogatory nickname that encompasses the billion-dollar pharmaceutical companies that are in the business of manufacturing and distributing prescription drugs. Over the years, these companies have earned an unpopular reputation for buying politicians, price gouging the market, funding skewed publications, ghostwriting medical journals, profiting from highly-addictive drugs, and contributing to the opioid epidemic.
Big players in the pharmaceutical industry include:
The Food and Drug Administration (FDA) established the Center for Drug Evaluation and Research (CDER) to verify the safety of any prescription and nonprescription drugs being marketed in the United States. When a pharmaceutical company wants to sell a new drug, they must first do extensive testing and send the results to CDER, who in turn assigns a team of chemists, pharmacologists, and other scientists to analyze the documentation.
However, despite conflict of interest rules, many of the independent advisors hired by the FDA are funded by Big Pharma. According to an investigation completed by Science magazine, the funds are distributed after the drugs are approved to protect the advisors from being questioned by FDA officials. As Clark Mindock, a reporter for the Independent, explains, “The analysis of payments, made public through disclosures in scientific publications, found that, of 107 physicians who advised the FDA on 28 drugs that were approved between 2008 and 2014, the majority of them later received financial support – including direct payments for consulting, reimbursements for travel expenses, or other support for research – from the companies whose drugs they voted on.”
On June 27, 2019, Truth In Media’s investigative journalist Ben Swann met with Attorney Mike Papantonio to discuss the “revolving door” relationship between the FDA and Big Pharma. Ring of Fire, a multi-media network devoted to exposing corporate media failures, environmental criminality, and political corruption, posted a transcript of this powerful discussion. Key points from this meeting include:
If you’ve suffered harm after taking a defective or recalled drug, contact Attorney Wes Pittman at The Pittman Firm, P.A. Our founding attorney has been representing the victims of Big Pharma for over 30 years. He can help you file a product liability claim and pursue damages that facilitate your ongoing recovery process.
Hold Big Pharma responsible for your injuries. Call The Pittman Firm, P.A. at (850) 764-0383 to schedule a consultation.