Wednesday, February 8, 2017
Big Pharma, more like Big Fraud-a
As you can tell by my title, I am not a huge fan of big pharma. This is an industry that could change the world and they just fall short in a lot of areas. Big pharma is great at making big profits, but just sufficient at developing medications to treat the world's problems. I understand that it is not their job to be altruistic and seek cures for diseases, but I don't respect the industry because they operate almost solely on a for-profit bases in the United States. Commonly, big pharma spends resources developing medications that are combination drugs or drugs in the same classes of drugs that already exist treating diseases that already have medications to treat that problem. These companies could be using their talent and resources to seek cures for diseases that are devastating the world, instead of finding maintenance treatments that over the long-run will be quite lucrative for these companies. It's all about the money though. I can't fault them, since they live and operate in a capitalistic society, but in the year 2017, I would like to think that companies that have the power to change the world for the better have a duty to do so. As Ben Parker once said, "with great power comes great responsibility."
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