3 Sneaky, Dangerous New Ways Pharma Is Churning Profits
Viagra pills, made by Pfizer, pictured in this undated file photo
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If you are like most people, you have been watching "Ask Your Doctor" drug ads on TV for years. The ads, called direct-to-consumer drug advertising, have done two amazing things. They have made drugs like Claritin, Lipitor and the "Purple Pill" financial blockbusters—and they have, to a certain extent, "sold" the conditions behind them.
While the conditions these drugs treat—like seasonal allergies, GERD, high cholesterol, depression, bipolar disorder, adult ADHD, erectile dysfunction, Low T, irritable bowel syndrome, dry eye and insomnia—certainly exist, awareness of the conditions has greatly increased thanks to drug ads. In fact the parade of symptoms viewers may suffer is so over the top that comedian Chris Rock said he was ready to hear a TV ad asking, “Do you fall asleep at night and wake up in the morning? You may be suffering from….”
For many years, consumer drug advertising made Big Pharma Fortune 500's "most profitable industry. But now, the profit party is largely over, with blockbusters like Prozac, Lipitor, Viagra, Zyprexa, Symbicort and Nexium off patent and nothing much in the pipelines.
WebMD, one of the strongest online pill merchandisers , dismissed 250 employees a year and a half ago and medical journals are noticeably page light with fewer ads. Once booming companies are now seeking mergers commensurate with the Wall Street aphorism that in boom times companies spin off and in bust times they merge.
Four years ago Pfizer merged with Wyeth, Merck merged with Schering-Plough and Roche merged with Genentech. Now Novartis, GlaxoSmithKline and Eli Lilly are pursuing protective financial partnerships as the day of the drug blockbuster is over.
Still there are three diseases/conditions which Pharma is hoping may see it through the current lean times.
The successful diseases Pharma has marketed to sell drugs usually have snappy names or initials like ED, ADHD, RLS, GERD, IBS and Low T. That's why a new disease Pharma is pushing, ankylosing spondylitis, is gaining the nickname AS. Ankylosing spondylitis is an inflammatory disease that affects the bones and joints. But like depression, bipolar disorder, attention deficit and other lucrative diseases, the diagnosis of AS is a judgment call with no clearcut test. That's why Pharma offers a helpful quiz to convince people and hopefully their doctors that their back pain isn't from overexertion or a bad bed but AS.
If it is AS, back pain sufferers may just need Humira, a genetically modified, injected drug that costs $15,000 to $20,000 a year per patient. Drugs like Humira are "monoclonal antibodies" that suppress the body's immune system by blocking tumor necrosis factor (TNF). They are valuable for serious autoimmune diseases but increasingly marketed for less serious conditions.
For example, if you have back pain do you really want to take a drug whose label warns that "Patients treated with Humira are at increased risk for developing serious infections that may lead to hospitalization or death?" These include "Invasive fungal infections, including histoplasmosis, coccidioidomycosi," and "Bacterial, viral and other infections due to opportunistic pathogens, including Legionella and Listeria?"
In 2008, 45 people died from opportunistic fungal diseases associated with such TNF blockers. The same year, the FDA investigated Humira for 30 reports of childhood cancers and its links to lymphoma, leukemia and melanoma in children. In 2011, the FDA also warned that Humira can cause, "a rare cancer of white blood cells," in young people. Five patients died during Humira trials in Italy that year.
Non-24 Hour Sleep Wake Disorder
“You can’t see me because of radio… and I can’t see you because I’m totally blind.” So begins a high saturation ad campaign that boosts “awareness” of an obscure circadian rhythm disorder called Non-24 Hour Sleep Wake Disorder-- launched by Big Pharma. How rare is Non-24? There are only 146 citations for the disorder in the entire U.S. National Library of Medicine. By comparison, there are 8,463 citations for the plague.