{"id":27298,"date":"2018-09-27T08:00:03","date_gmt":"2018-09-27T08:00:03","guid":{"rendered":"https:\/\/www.dr-rath-foundation.org\/?p=27298"},"modified":"2018-10-01T07:14:49","modified_gmt":"2018-10-01T07:14:49","slug":"drug-industry-tries-to-slip-4-billion-windfall-into-u-s-opioid-bill","status":"publish","type":"post","link":"https:\/\/www.dr-rath-foundation.org\/2018\/09\/drug-industry-tries-to-slip-4-billion-windfall-into-u-s-opioid-bill\/","title":{"rendered":"Drug Industry Tries to Slip $4 Billion Windfall Into U.S. Opioid Bill"},"content":{"rendered":"<h2><strong>NEWS<\/strong><\/h2>\n<p><strong>WASHINGTON \u2014 Drug companies usually get what they want in public-policy battles on Capitol Hill, but a move by the pharmaceutical industry to grab $4 billion from the federal Treasury in a bill that is supposed to address the nation\u2019s deadly opioid epidemic is meeting fierce resistance.<\/strong><\/p>\n<h2><strong>COMMENT<\/strong><\/h2>\n<p>Both in the United States and worldwide, the pharmaceutical industry employs a vast number of political lobbyists. The goal of these lobbyists is not merely to ensure the passing of pro-pharmaceutical industry legislation, however. It is also to ensure that information about the safety and effectiveness of <a href=\"https:\/\/www.dr-rath-foundation.org\/cellular-medicine\/\">science-based natural health therapies<\/a> is banned by law.<\/p>\n<p>Ultimately, however, after more than a century of dominance over the healthcare systems on our planet, evidence suggests we may soon be witnessing the beginning of the end of the trillion-dollar-a-year <a href=\"https:\/\/www.dr-rath-foundation.org\/2003\/06\/the-investment-business-with-disease\/\">pharmaceutical investment industry<\/a>. In articles written in November 2017 and May 2018, Dr. Kelvin Stott, Director of Portfolio Management at the Novartis drug company in Basel, Switzerland, asserted that the entire pharmaceutical industry is now \u201c<em>on the brink of terminal decline<\/em>.\u201d Describing how research and development (R&amp;D) returns in drug development now stand at just 3.2 percent and could potentially reach zero by the year 2020, Stott stated that the pharma business model is \u201c<em>broken<\/em>,\u201d adding that it is \u201c<em>entering a\u00a0vicious cycle of negative growth and terminal decline\u00a0as its fundamental business model has run out of steam<\/em>.\u201d He concluded that the industry \u201c<em>will not be around forever<\/em>\u201d and that it must \u201c<em>adapt or die<\/em>.\u201d<\/p>\n<p>Stott\u2019s prediction suggests that by 2020 each dollar spent on R&amp;D by drug companies will merely result in an income of a dollar. In other words, the pharma industry would no longer be profitable. Interestingly, therefore, according to business website\u00a0<a href=\"http:\/\/www.forbes.com\/sites\/stanfleming\/2018\/09\/06\/why-experts-cant-fix-pharmas-innovation-crisis-part-1-and-what-to-do-about-it-part-2\/\" target=\"_blank\" rel=\"noopener\">Forbes<\/a>, Stott\u2019s data \u201c<em>correlates with the observation of virtually every serious researcher who has looked at the industry<\/em>.\u201d\u00a0You can read more about Stott\u2019s thought-provoking analysis in <a href=\"https:\/\/www.dr-rath-foundation.org\/2018\/09\/beginning-of-the-end-for-the-pharma-cartel-an-industry-on-the-brink-of-terminal-decline\/\">this article<\/a> on our website.<\/p>\n<a class=\"button  button_size_2 button_js\" href=\"https:\/\/www.nytimes.com\/2018\/09\/24\/us\/politics\/opioid-bill-drug-companies.html\" target=\"_blank\"    ><span class=\"button_label\">Read article in the New York Times (USA)<\/span><\/a>\n\n","protected":false},"excerpt":{"rendered":"<p>NEWS WASHINGTON \u2014 Drug companies usually get what they want in public-policy battles on Capitol Hill, but a move by the pharmaceutical industry to grab $4<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":2,"featured_media":27299,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[121],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - 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