Giving Parking Tickets to Drug Companies – The Economics of Pharmaceutical ‘Safety’

March 25, 2013 | By | Reply More

Jason T. Brown, Guest Writer
Waking Times

There has been a proliferation of mass tort, class action lawsuits against drug manufacturers for dangerous, unsafe drugs they have placed into the stream of commerce and into people’s bodies. It’s no secret that drug companies rush to get their product to the market before the competition and have had a track record of failure.

They get away with it because the worst-case scenario for them is in the form of court costs and payouts to customers whose lives may be adversely affected by the consumption of the drugs. For these companies it is worth it, as a million-dollar settlement to a 100 billion dollar company is the equivalent to a small parking ticket for a wealthy individual.

One of the first prolific mass tort pharmaceutical cases involved Thalidomide, which was an anti-nausea medicine introduced in the 1950s as a sleeping pill.  Doctors discovered its efficacy in assisting pregnant women with morning sickness, but as effective as it was for the women with their nausea it was equally problematic causing birth defects with limb malformation in newborns.

Nowadays, the drug companies rush to bring the world their next billion dollar a quarter product, bamboozle the FDA (an overworked agency which warrants its own discussion), and if they get caught with their hand in the cookie jar they may fight and fight, but they ultimately may pay the ticket or drag on the litigation in the hopes that the plaintiffs lose their resolve.

A salient example of this is with the new generation of birth controls they’re pushing on women. The old patents have expired on the second generation, so they need proprietary purportedly inventive pills and gimmicks to make more money, whether it’s in the shape of a patch (Ortho-Evra), a vaginal ring or a pill, Yaz, Yasmin, Ocella, Gianvi. It may be ingenious in its marketing, in its sales, with its extra vitamins, or the cool new container it comes in, but what its not, is its not safer.

The hormone in Yaz, Yasmine, Ocella and Gianvi that is causing Deep Vein Thrombosis (DVT), Pulmonary Embolisms (PE), Stroke and Death is a fourth generation called drospirenone.

I’m an active litigator, not just a philosopher, consumer advocate and blogger. I battle on a daily basis with the drug companies and their lawyers who blame the victims, blame the plaintiff’s lawyers, blame the system, blame the FDA for approving it, and shame and blame anyone but their selves and their own conduct. When I ask the following question, they think it’s rhetorical, but it’s very real, “Why on earth should a new drug come onto the market if it’s less safe than the older one?” When you have come to understand the process like I have you will understand its economics.

If Bayer’s Yasmin, Yaz and Ocella caused a couple hundred million dollars of devastation to women in the form of blood clots, but they make a billion dollars a year on it, if the product runs for 20 years they make 20 billion dollars and paying a couple hundred million in damages is like paying a parking ticket to them. To the women who have to live with blood thinners, like daily shots of lovenox, coumadin clinics, or the equally troubling pradaxa, its not just a parking ticket it has altered their way of life. From high-risk pregnancies to possible amputations and in some cases the loss of a loved one the injuries from Yaz, Yasmin and Ocella are very real and can be very fatal.

In our lives when we receive too many tickets we may lose our driving privileges. Unless and until the drug companies are held accountable to the public at large and not just their shareholders than people’s lives will be altered by drugs that are rushed to approval without proper or logical restrictions. Right now the primary resistance comes in the form of court costs and with the tremendous amount of money represented in the form of lobbyists in Washington D.C., this will not change anytime soon. It is only through consumer awareness campaigns that the market can finally reflect what’s best for customers.

About the Author

Jason T. Brown is a Trial Attorney that fights for people’s rights nationwide and you can read more about him at www.IFightForYourRights.com.  He was the managing partner of a Manhattan based law firm and former Special Agent and Legal Advisor with the FBI.

This article is offered under Creative Commons license. It’s okay to republish it anywhere as long as attribution bio is included and all links remain intact.

~~ Help Waking Times to raise the vibration by sharing this article with the buttons below…

Tags: , , , , , ,

Category: All Original Articles, Body, Business, Contributors, Governance, Guest Writers, Healthcare, Law & Punishment, Money, Self, Society, Uncategorized

Leave a Reply

Must Watch Videos

Could This be the First News Channel Run by Teens?

Could This be the First News Channel Run by Teens?













Heather Callaghan, Contributor
Waking Times

Politics affects everyone, so everyone deserves a voice; especially the youth…

It seems like everywhere I go online, I am met with the diligence of Andrew Demeter. I wrote about his award-winning mini-documentary “We The People, Genetically Modified.” Expertly produced, it encompassed a … More

August 12, 2014 | By | Reply More
How to Create a Self-Sustainable Food System

How to Create a Self-Sustainable Food System













Dr. Mercola
Waking Times

Industrial chemical-based agriculture, which produces the vast majority of US food crops, is actually destroying the soil that makes the growing of food possible in the first place.

This is not true in other countries. Worldwide, 70 percent of the food is grown in backyards or … More

August 11, 2014 | By | 1 Reply More
How To Exit The Reincarnation System

How To Exit The Reincarnation System













Gregg Prescott, M.S., In5D Guest
Waking Times

We have all heard about the tunnel of light that our soul follows upon leaving the physical body, but what is the true meaning of the life review?  Why does a life review almost always involve having us continuously looping back into this … More

August 8, 2014 | By | 37 Replies More
Elon Musk Reveals Open Source Design for 14,000 Mile-an-Hour Vacuum Tube Railroad

Elon Musk Reveals Open Source Design for 14,000 Mile-an-Hour Vacuum Tube Railroad













Christina Sarich, Staff Writer
Waking Times

No, you didn’t read that wrong. Paypal co-creator and Tesla Motors Wunderkind thinks that California just wasted $63 billion on a mass transit rail that only goes 164 miles an hour when a 14,000-mile-an-hour pneumatic railroad could be built for 1/10th that amount … More

August 8, 2014 | By | 3 Replies More
Grounding Is a Key Mechanism by Which Your Body Maintains Health

Grounding Is a Key Mechanism by Which Your Body Maintains Health













Dr. Mercola
Waking Times

Have you ever noticed how good it feels to walk barefoot on a sandy beach, or in a forest? There is a reason for that—it’s called the grounding effect. The reason for this sense of well-being is due to the fact that you’re receiving a surge … More

August 7, 2014 | By | 3 Replies More

Activism Works

As Keystone XL Dominoes Fall, Time to Arrest Tar Sands Industry

As Keystone XL Dominoes Fall, Time to Arrest Tar Sands Industry













, EcoWatch
Waking Times

We’ve got this.

Thanks to the courageous and indefatigable efforts of pipeline fighters everywhere, the tide has finally turned on Keystone XL. As it becomes increasingly clear that Keystone XL’s northern leg is not going through, it is time to set our sights … More

August 4, 2014 | By | 2 Replies More
Seizing Control of Our Destinies

Seizing Control of Our Destinies













Julian Rose, Contributor
Waking Times

In 1381, at a time of great repression for the British agricultural work force, an extraordinary people’s revolutionary named Wat Tyler sprang to his feet and announced, “England should be a nation of self governing communities,” to which he added, “ No lord shall exercise … More

July 28, 2014 | By | 5 Replies More
Triumph For Citizens in Florida As Hughes Oil Company Drops Fracking Project

Triumph For Citizens in Florida As Hughes Oil Company Drops Fracking Project













Julie Dermansky, DeSmogBlog
Waking Times

On Friday morning, Dan A. Hughes Oil Company and the Collier Resources Company agreed to terminate their lease agreement, with the exception of the Collier Hogan 20-3H well, next to the Corkscrew Swamp Sanctuary in Naples, Florida.

Hughes Oil dropped its plans to drill … More

July 14, 2014 | By | 1 Reply More
A Forgotten Community in New Orleans: Life on a Superfund Site

A Forgotten Community in New Orleans: Life on a Superfund Site













Julie Dermansky, DeSmogBlog
Waking Times

Shannon Rainey lives in a house that was built on top of a Superfund site in the Upper Ninth Ward of New Orleans.

“I bought my house when I was 25, and thirty years later, I still can’t get out,” she told DeSmogBlog.

Rainey’s … More

June 23, 2014 | By | 1 Reply More
Wave of GMO Labeling Victories Emboldens Movement to Take Back Food Democracy

Wave of GMO Labeling Victories Emboldens Movement to Take Back Food Democracy













Michele Simon, EcoWatch
Waking Times

The East Coast has been getting most of the attention lately on the state by state effort to label genetically-engineered food. Vermont recently passed a bill and New York State’s bill is now moving. But let’s not forget about the western states, which are also … More

June 11, 2014 | By | 1 Reply More