07/10/2004: "Drug Companies"

There's a great essay in this week's NY Review of Books on the evils of the drug industry. Marcia Angell, who has a book forthcoming on this topic, points out the lack of supervision within these companies- we will never have any real idea about their accounting practices- as well as the reliance on government money for innovation. Their time and money is spent on advertising and promotion, those annoying erectile dysfunction ads being a prime example.

Or in training drug reps to convince Doctors to write their drug.

Look at today's Times: a study shows that a combination of cheap drugs can prevent the transmission of HIV from mother to child. No drug company discovered this- a NIH study did. There's no profit to be made in stopping the spread of this disease, or at least not the same profit available from giving 45 year olds 36 hour erections.

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