Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/929/24102

From The Socialist newspaper, 14 December 2016

Pfizer drug extortion - nationalise big pharma!

photo Creative Commons, photo Creative Commons

photo Creative Commons, photo Creative Commons   (Click to enlarge)

Lisa Bainbridge, health charity worker

Drugs company Pfizer has been fined a record 84.2 million, and Flynn Pharma 5.2 million for excessive and unfair prices. The Competition Market Authority ordered the fine for hikes to anti-epilepsy drug phenytoin sodium, branded 'Epanutin'.

Pfizer sold distribution rights to Flynn Pharma in September 2012. Flynn then debranded the drug, releasing it from price regulation. 100mg of phenytoin sodium capsules, previously sold to the NHS for 2.83, rose to 67.50 - a hike of 2,600%.

There was a slight reduction in May 2014, to a mere 54. But the result had been an increase in NHS spending from 2 million to around 50 million a year in 2013.

The regulator found both companies abused their market position. Pfizer continued to manufacture the drug - at a price 780-1,600% higher than its previous sale price.

The NHS was locked into buying it. Changing medication even slightly risks loss of seizure control for the estimated 48,000 NHS epilepsy patients who rely on it.

Prescriptions dispensed in the community cost the NHS 9.3 billion in 2015, up 4.8% on the previous year, against an increase of just 1.8% on the number of items dispensed to patients.

In my own role in a health charity, we have been working for a year to save a prescribing budget of just 23 million in support of 150,000 NHS patients. That's less than half the annual profit raid Pfizer and Flynn Pharma conspired to achieve.

The National Audit Office has also recently warned that the NHS needs to find a further 14.9 billion in savings to close the gap between patient needs and available resources.

The NHS is at a crossroads. The choice is simple: a fully funded, publicly owned NHS with cheap, high-quality, nationalised drug manufacturing - or a system that continues to allow corporate raiding of the NHS at our expense.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 14 December 2016:


Socialist Party news and analysis

NHS crisis: we're fighting back!

End the Tories' war on the working poor

Amazon workers living in tents

Pfizer drug extortion - nationalise big pharma!

Trust in politicians reaches all-time low

No to home seizures for care bills

Them & Us


What we think

Establishment EU crisis deepens - fight for a socialist Brexit


A socialist programme for education

What kind of education?

Education for all - not exam factories


International socialist news and analysis

CWI: opportunities for substantial growth


Workplace news and analysis

Glasgow Labour leaders deluged with protests

Victory for UPS parcel workers

Nationalise Tata Steel to save jobs and pensions

Bin workers strike against draconian management

Derby TAs to strike against pay cut

Southern: back the strike, nationalise the railways!


Socialist Party reports and campaigns

Birmingham Labour: Corbyn supporters need not apply

The Socialist Party and fighting women's oppression

Doncaster: cuts give rise to 'tent city'

Scrooge Tory council confronted over treatment of homeless


Comment and review

It's the bumper Socialist 2016 quiz!

2016 sounds for your stocking

The Socialist Inbox


 

Home   |   The Socialist 14 December 2016   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Pfizer:

triangleGreater Manchester: patients are people not guinea pigs!

triangleNHS drug price hike: nationalise big pharma!

triangleTax-dodging drug firm shuts research facility

trianglePfizer takeover bid

triangleNHS: Kick out big Pharma

Nationalise:

triangleCuts, profit and bureaucracy lead to 50% rise in mental health deaths

triangle900 carers quit a day - nationalise social care now

triangleWhat would a socialist food industry look like?

triangleTop banks post 67% of profits in tax havens - nationalise the banks!

NHS:

triangleThe Socialist inbox

triangleNHS cyberattack: budget cuts and spy agency to blame

triangleTories out! Corbyn can win with socialist policies

Health:

triangleHuddersfield Socialist Party: A socialist health policy

triangleTories forced to publish useless plans on toxic air

Drugs:

trianglePrescription and dental charges to rise again - fight for a free NHS!

Reports and campaigns

Reports and campaigns

19/5/17

Argos

Aggressive bosses met by determined strike

17/5/17

Socialist Party

Apology from Radio 4's PM programme

17/5/17

PCS

Increased majority for Democracy Alliance

17/5/17

Socialist Party

Public meetings on the General Election

17/5/17

BMW

Pensions strikes continue at BMW

17/5/17

Manchester

Housing maintenance workers plan strikes every week

17/5/17

Young people

Socialist ideas are energising young people

17/5/17

Union

Workplace news in brief

17/5/17

Unison

Unison must back Corbyn's pledge to abolish zero-hour contracts with action

17/5/17

Anti-austerity

Blackpool deserves better - anti-austerity rally

17/5/17

Royal Mail

Support Corbyn's call to renationalise Royal Mail

17/5/17

Socialist Party

Packed meeting sets out socialist policies needed to defeat the Tories

17/5/17

Finance

Fund the fight against the Tories

15/5/17

TUSC

TUSC explains general election stance on BBC show

12/5/17

TUSC

TUSC confirms no candidates in June and full support for a Corbyn-led government with socialist policies

triangleMore Reports and campaigns articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle22 May Capitalism condemned

triangle19 May Aggressive bosses met by determined strike

triangle17 May Increased majority for Democracy Alliance

triangle17 May Corbyn's manifesto: An important step in the right direction

triangle17 May Book launch: From Militant to the Socialist Party

triangle17 May Housing maintenance workers plan strikes every week

triangle12 May TUSC confirms no candidates in June and full support for a Corbyn-led...

More ...

triangle22 May Portsmouth Socialist Party: How can the Tories be defeated?

triangle22 May Birmingham Central Socialist Party: French elections - What are the lessons for Corbyn's Labour?

triangle23 May Socialist Party PCS conference meeting: How Corbyn could win with socialist policies

triangle23 May Manchester Socialist Party: The role of the Socialist Party

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

May 2017

April 2017

March 2017

February 2017

January 2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice