By
Maggie Fox, Health and Science Correspondent
WASHINGTON (Reuters) - Drug companies are charging Americans twice as
much on average as Europeans for mental health medications, the Public
Citizen group said Wednesday.
The group, which campaigns on consumer issues, said it did a study that
showed drug companies were making huge profits on medications ranging
from antidepressants to schizophrenia drugs, in many cases pricing them
out of peoples' reach.
``It is price gouging of the worst kind,'' said Dr. Sidney Wolfe, head
of health research for the group.``The companies charge what they want
to who they want,''Wolfe told a news conference.
Public Citizen said it surveyed prices for eight drugs in 17 countries
and found huge differences in prices charged by pharmacies. ``For
all of the eight drugs, the cost in the U.S.was more than anywhere else,''
Larry Sasich, a pharmacist with Public Citizen who helped write the survey,
said. For example, clozapine, a schizophrenia drug made by Novartis
under the name Clozaril, costs $51.94 for a 30-day supply in Spain, but
$317.03 in the United States.
It costs $271.08 in Canada and $294.93 in Britain. Risperdone, another
schizophrenia drug made by Johnson & Johnson subsidiary Janssen under
the name Risperdal, costs
$123.99 for a 30-day supply in France, but $248.86 in the United States.
Lilly's best-seller Prozac, known generically as fluoxetine, sells for
$72.16 in the United States and $25.93 in Spain.
``The industry needs to be brought to its knees in terms of this kind of
discriminatory pricing,'' Wolfe said. ``We think ideally there should be
some sort of pricecontrol. If we really believe in health for people with
serious mental illness, we need to put some controls on.''
But the Pharmaceutical Research and Manufacturers of America (PhRMA)
was quick to defend the industry.``Price controls are a dagger
aimed at the hearts of America's patients,'' PhRMA Alan Holmer said in
a statement. ``If price controls are imposed, there will be less
investment in research and development, and fewer new cures and treatments.
Real
reason
(Because
we won't be making as much profit and all we care about is profit margin,
after all we are a giant capitalistic super power drug czar that does as
it pleases and controlls congress,How dare you suggest controls on us,
we do as we please and no one dare stand in our way.
''The Public Citizen report said companies made plenty of money and
did not need to make such high profits -- even if they do invest heavily
in the research and development of new drugs.
``Pharmaceutical industry profits are extraordinarily high,''
the report said. ``In the United States, sales of $3.3 billion have recently
been estimated for the five study antidepressants alone, and for the three
antipsychotic drugs surveyed in this study the estimate was $1.1 billion.''
But Holmer said these profits helped make the United States the world leader
in biomedical research. He said it cost, on average, $500 million to develop
one new medicine and that only one of every 5,000 compounds tested as potential
drugs ever made it to market
`About half of all new medicines in the world are discovered and developed
by U.S. companies. Why? Our companies take on the extraordinary risk of
drug discovery because America's free market system offers incentives and
potential rewards,'' he said.
``The report is flawed in that it fails to recognize that drug prices will
vary for a number of reasons, including currency fluctuations, price controls,
patent piracy, regulatory mechanisms, varying standards of living, variations
in medical practice and other factors.''
Novartis was not immediately available for
comment. ( I wonder why he didn't want to comment,
Hey
GOP of congress instead of spending your time looking up Monica's dress
and wondering if she got any sex or not, why not look into the corruption
and abuse of power by these
US
Approved Drug Czars )
One
last comment, the focus on drug control has been street level and across
the borders while the largest drug dealers in the world (US Drug Companies)
have went unchecked without controls. The goverment of the US should start
at home in their own back yard
and
with those who have been approved by congress to distribute trillions
of dollars in drugs, who is controling these multi trillion dollar drug
dealers, is congress in control of this OutRage, or is congress being controlled
by this OutRage, with the prices these companies are allowed to gouge from
American citizens, insurance companies and Medicare it is without a doubt
a contributing factor to the cause of a decline in our health care system.
The comments in blue represent
the opinions of W. Hodge webmaster and author of Outrage, sorry Maggie
Fox Health and Science Correspondent, you don't get credit for my commentaries