When you visit the websites for leading pharmaceutical companies such as Pfizer and Novartis, you'll find mission statements that will feed you with inspiring goals such as,
Who still believes this?
Let's keep it straight:
Here's some food for thought that might make you question the credibility of pharmaceutical companies.
The Biggest Drug Pushers in the US
Spending on consumer ads by the pharmaceutical industry grew to $4.54 billion in 2014, up 21% from spending in 2013.
Pfizer alone spent $1.4 billion, with over 50% of this spent on television ads.
Exaggeration and Misinformation
As many as six out of 10 pharmaceutical advertisements contain "potentially misleading claims," according to a study from the Journal of General Internal Medicine.
The study looked at 168 advertisements on major US television networks.
It found that:
Threats and Intimidation
Swiss drugmaker Novartis is under scrutiny for allegedly blocking British doctors' access to the drug Avastin, a cheaper alternative to one that it sells, Lucentis.
Kickbacks and Bribes
One of the top 10 pharmaceutical companies in the world, Israeli Teva Pharmaceuticals is being accused of organizing "pretextual" speaker programs for doctors through a third-party, Allied Health Media, and paying physicians anywhere from $1,500 to $2,700 per each program.
This type of bribery is common in the pharmaceutical industry.
Teva is among others that lavish hefty speaking fees on doctors to appear at thousands of sham programs, dinners and luncheons that are merely social occasions, where little work gets done.
There's no argument that modern medicine has its place in our world and has helped save countless lives.
But at what point does big business and greed overshadow the brilliance of medical innovation and create a burden on society and humanity that outweighs its value?