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(Minneapolis Star Tribune)   Huge biotech firm Amgen pleads guilty to illegal marketing practices, ordered to pay $762 million fine. What's that, about two weeks worth of profits?   (startribune.com) divider line 21
    More: Stupid, Amgen, biotech, account of profits  
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748 clicks; posted to Business » on 19 Dec 2012 at 12:50 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-12-19 09:25:24 AM
So they were accused of letting doctors know that the drug is effective for more than the one use the drug was originally approved for? Didn't SCOTUS just say this was legal?
 
vpb [TotalFark]
2012-12-19 09:41:47 AM
It's probably at least 10% of what they made by using illegal marketing practices.
 
2012-12-19 09:42:25 AM
If you use wholesale cost, that's the cost of about 100 units of their products per Rite Aid, CVS and Walgreens.  If you calculate in hospitals and health care distributors (i.e., the guys who supply nursing homes)....ya.  They don't care.
 
2012-12-19 10:44:12 AM
This is just the excuse they need to unleash the blister rust.
 
2012-12-19 11:09:32 AM

Jubeebee: This is just the excuse they need to unleash the blister rust.


Well there's a reference you don't see every day on here.
 
2012-12-19 11:23:52 AM

GAT_00: Jubeebee: This is just the excuse they need to unleash the blister rust.

Well there's a reference you don't see every day on here.



Damn shame too. It's an amazing book.
 
2012-12-19 11:24:25 AM
Wow, that Aranesp  stuff really makes your penis big.
 
2012-12-19 12:52:02 PM

Jubeebee: GAT_00: Jubeebee: This is just the excuse they need to unleash the blister rust.

Well there's a reference you don't see every day on here.


Damn shame too. It's an amazing book.



Agreed. Have you read Ship Breaker and Drowned Cities?
 
2012-12-19 12:56:17 PM
Just the cost of doing business (and getting caught). This shiat won't stop until people start going to jail.
 
2012-12-19 01:03:55 PM
It's actually about 9 weeks of profits, Submitter.
 
2012-12-19 01:05:00 PM
This is why penalties need to be percentages of bottom lines, not some fine that is easily paid for and they can move on, like HSBC.
 
2012-12-19 01:25:07 PM

unlikely: Jubeebee: GAT_00: Jubeebee: This is just the excuse they need to unleash the blister rust.

Well there's a reference you don't see every day on here.


Damn shame too. It's an amazing book.


Agreed. Have you read Ship Breaker and Drowned Cities?



Nope.  Only book I've read lately that was remotely sci-fi, and I don't know why it is classified as those, is The Yiddish Policeman's Union.  Which to be fair, is really well written.
 
2012-12-19 01:50:15 PM
Amgen? Isn't that Hammond's company from Jurassic Park?
 
2012-12-19 01:56:41 PM

ArkAngel: So they were accused of letting doctors know that the drug is effective for more than the one use the drug was originally approved for? Didn't SCOTUS just say this was legal?


It's legal for doctors to prescribe off-label uses. It is NOT legal to advertise off-label uses. There's a number of reasons, including the fact that just because a drug does something doesn't mean it does it efficiently, safely, or without serious side-effects. Every statement in every pharmaceutical ad is reviewed by the FDA and competing firms for truth.
 
2012-12-19 02:27:21 PM

unlikely: Agreed. Have you read Ship Breaker and Drowned Cities?

 
 
I have not. I've gotten stuck in the perpetual bloodbath of David Dalglish's world for the last couple of months and haven't gotten around to reading anything substantial.
 
But they are on my list, along with many others.
 
2012-12-19 02:34:46 PM

Jubeebee: unlikely: Agreed. Have you read Ship Breaker and Drowned Cities?
 
 
I have not. I've gotten stuck in the perpetual bloodbath of David Dalglish's world for the last couple of months and haven't gotten around to reading anything substantial.
 
But they are on my list, along with many others.



Ship Breaker is the same level of prescient uplifting feel-good romp that Windup Girl was. The Drowned Cities is darker and sadder but so brilliant I can't wait for a third one.
 
...I should ask him if there's going to be a third one...
 
2012-12-19 03:41:54 PM

unlikely: Ship Breaker is the same level of prescient uplifting feel-good romp that Windup Girl was. The Drowned Cities is darker and sadder but so brilliant I can't wait for a third one.



Oh good! Because my one complaint with Windup Girl was that it was so cheery and optimistic all the time, I would like to see what Bacigalupi's darker side is like. 
 
2012-12-19 04:45:31 PM

unlikely: Jubeebee: GAT_00: Jubeebee: This is just the excuse they need to unleash the blister rust.

Well there's a reference you don't see every day on here.


Damn shame too. It's an amazing book.


Agreed. Have you read Ship Breaker and Drowned Cities?



Oh wow. I didn't realize he wrote more. Wife bought me Windup Girl last Christmas. I guess I know what I'm doing once the B&N cards come in for Christmas.
 
2012-12-19 05:23:51 PM
Does it have a sister company called Ingen?
 
2012-12-19 06:32:39 PM

Deneb81: It's legal for doctors to prescribe off-label uses. It is NOT legal to advertise off-label uses.


To add to that, a pharmaceutical company is allowed to expand the indications for a drug if they have sufficient data to back it up in terms of safety and efficacy. It needs to go through a review process by the FDA- its purpose is to prevent snake oil vendors from selling a drug that's ineffective for their condition.
 
2012-12-19 08:41:22 PM

Deneb81: ArkAngel: So they were accused of letting doctors know that the drug is effective for more than the one use the drug was originally approved for? Didn't SCOTUS just say this was legal?

It's legal for doctors to prescribe off-label uses. It is NOT legal to advertise off-label uses. There's a number of reasons, including the fact that just because a drug does something doesn't mean it does it efficiently, safely, or without serious side-effects. Every statement in every pharmaceutical ad is reviewed by the FDA and competing firms for truth.



Second Circuit, my bad. Just decided two weeks ago. US v. Caronia. Promotion of off label use is not, in and of itself, criminal.
 
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