November 20, 2020

Pfizer's history on the facts

Dirt Digger's Digest -  [Pfizer's] track record is filled with cases in which it was accused of misleading regulators and the public about the safety of its products.

In the early 1990s, for example, Pfizer was embroiled in a controversy about scores of fatalities linked to heart valves produced by its Shiley division. In 1992 it agreed to pay up to $205 million to settle thousands of lawsuits. In 1994 the company agreed to pay $10.75 million to settle Justice Department charges that it lied to regulators in seeking approval for the valves.

In 2005 Pfizer had to stop advertising its arthritis medication Celebrex after a study showed that high doses were associated with an increased risk of heart attacks. Pfizer’s claims about the safety of the drug were further undermined when it came to light that the company had conducted a clinical trial back in 1999 that also pointed to the cardiac risk but which Pfizer kept secret.

Pfizer, which was a pioneer in the once controversial practice of advertising pharmaceuticals, has frequently been accused of making false or misleading claims about its products. It has paid millions of dollars to resolve state and federal allegations about these practices.

It has paid even larger amounts in cases involving allegations that the company promoted its drugs for uses not approved by the Food and Drug Administration. These include a $2.3 billion settlement in 2009 that covered criminal as well as civil allegations. Pfizer’s subsidiary Wyeth settled its own criminal-civil illegal marketing case for $490 million four years later. In 2016 Wyeth paid another $784 million to settle allegations that it reported false pricing information to the federal government.

1 comment:

Anonymous said...

How do you get a better job at Pfizer? Work for the FDA. How do you get a better job at the FDA? Work for Pfizer or any other big pharma corp. The revolving door between Big Pharma and the FDA is unconscionable.

Corporations can choose what data is sent to the FDA, leading to routinely leaving out serious problems with drugs or vaccines found during research. Half of all pharmaceuticals are pulled off the market in the first 2 years because of safety problems, that suggests new drugs and vaccines are already under evaluated for safety under normal circumstances. The first 2 years of a drug's or vaccine's release uses the public as nonconsensual lab rats, as the public is charged for bearing the risks and hazards of these drugs of dubious safety. This negligence injures and kills people with alarming regularity.

Why should I trust any product rushed to market the way Big Pharma has been rushing to put out any Covid vaccine that looks like it might have a possibility of success. No Thanks