Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://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:

triangleBig drugs companies dodge 3 billion pounds in tax

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

Nationalise:

triangleGlasgow: nationalise the threatened 'Caley' railway depot

triangleFresh inquest into killer air pollution: nationalise energy and public transport!

triangleNationalise big pharma: end this profit-driven NHS crisis

triangleTories ensured Carillion meltdown went unchecked

NHS:

triangle'Secret Diaries of a Junior Doctor': comedy and tragedy judiciously mixed

triangleCash-starved health service ripped off by big pharma - fund our NHS now!

triangleThe Socialist inbox

Health:

triangleHistoric strike of nurses in Ireland

triangleCardiff West Socialist Party: Why capitalism is bad for your mental health

Drugs:

triangleSave our NHS

Reports and campaigns

Reports and campaigns

15/2/19

Climate change

Youth strike for the climate: "There's no planet B"

13/2/19

Turkey

'Spot' conference opposes authoritarianism in Turkey

13/2/19

Liverpool

Liverpool: 200 march to commemorate Robert Tressell

13/2/19

Nottingham

300 turn out for Corbyn in Nottingham marginal

13/2/19

Socialist Party

Why I joined: "why is their life so different from mine?"

13/2/19

Tamil Solidarity

Arrest Brigadier Fernando - defend the right to protest

13/2/19

Newham

Newham: women's refuge funds halved - Labour must use the 500m reserves

13/2/19

Southampton

Southampton: Labour plans 15m cuts - vote Socialist in Coxford by-election

13/2/19

Union

Workplace and union news in brief

13/2/19

Enfield

Enfield: striking against academisation - fighting for a no-cuts budget

13/2/19

Leicester

Leicester college workers refuse to accept cut in terms and conditions

13/2/19

Glasgow

Glasgow: nationalise the threatened 'Caley' railway depot

13/2/19

PCS

Fight for a socialist-led PCS - fight to win the national pay campaign

13/2/19

RMT

Heroic RMT guards beat back Northern rail in fight against dangerous driver-only operation

13/2/19

Birmingham

Victory to Birmingham bin workers

triangleMore Reports and campaigns articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07769 611 320

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


February 2019

January 2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999