Word: pfizer
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...years of data exclusivity. The group boasts a membership that includes 50 of the nation's largest patient-advocacy groups, including the American Cancer Society, Easter Seals and the National Kidney Foundation. But its board of directors reads like a Who's Who of top pharmaceutical executives from Amgen, Pfizer, Novartis and Bristol Myers Squibb. Its 2007 tax filings show that almost half its $2.3 million budget came from PhRMA and drug companies...
...statement calling for a "fair period of data protection" of 12 years at a "bare minimum." To defend its position, the group cited Duke University economist Henry Grabowski, whose work it has funded, and two patient groups. One, called RetireSafe, receives regular infusions of "general operating support" from Pfizer and operates out of a small Washington law-firm office. It has been blitzing Capitol Hill with letters arguing that guaranteeing biologics makers fewer than 12 years of exclusivity in the use of their data could cost lives. The other group, the Alliance of Aging Research, is also...
...problem is not limited to poor countries, however. When Pfizer recalled 120,000 packs of its cholesterol drug Lipitor in Britain in 2005 after it discovered a counterfeit version, it found that 60% of all the returned packs were fakes. Jacques Franquet, who heads security operations for the French drugmaker Sanofi Aventis, says his teams routinely find fake versions of about 15 of the company's drugs worldwide...
...major pharmaceutical companies have been at the forefront of the campaign to crack down on the problem. All have growing security divisions that track illegal medicine-trafficking and gather evidence to give to law-enforcement agencies to help them take action. Pfizer has also started experimenting with safer packaging. For example, all its Viagra blockbuster packs in the U.S. now have a radio-frequency-identification tag. Merck, meanwhile, is funding the distribution of minilabs to developing countries to improve detection of fake ingredients in drugs used to combat malaria, HIV and tuberculosis...
...Pfizer • record-breaking $2.3 billion penalty is imposed on in connection with various illegal marketing practices...