In this explosive expose of the drug companies and how they are ripping us off, Marcia Angell, M.D., a doctor, medical journalist, and a former editor of the respected New England Journal of Medicine, reveals the many ways in which the pharmaceutical industry has moved away from its original purpose of finding and producing useful new drugs. Now primarily a marketing machine that produces drugs of questionable benefit, the industry uses its wealth and power to co-opt such institutions as the U.S. Congress, the Food and Drug Administration (FDA), academic medical centers, as well as the medical profession. In spite of a lack of innovative drugs and continuously growing prices, the drug companies invest most of their time and money in marketing, legal maneuvers to extend patient rights, and government lobbying to prevent price regulation.
The former editor of THE NEW ENGLAND JOURNAL OF MEDICINE uses crisp writing and cogent arguments to describe what we don't know about the way drug companies operate. She says these companies, with annual U.S. sales of over $200 billion, use most of this money for media ads and for influencing the AMA, physicians, the FDA, Congress, universities, and insurance companies. They hardly bother to hide their success at making money, which they claim is plowed back into research but actually provides the highest return on investment of any U.S. industry. The reporting presents a riveting array of data without hype and with very little vitriol. It's fascinating and even mind-blowing, if you haven't heard this information before. T.W. (c) AudioFile 2005, Portland, Maine
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The Truth About the Drug Companies
by Marcia Angell