Why the Pharmaceutical Industry has been on the Edge of Failure for Two Decades
...and why fraud was the only solution...
Take a look at the diagram below:
What do you make of it?
Forget the colours for now, just turn your eyes to the Big Pharma block, and look at . Biotech companies in the block below. Biotech Companies are the one’s that develop drugs to hand over to Big pharma in exchange for milestone payments and a share of royalties. Without Big Pharma paying them, they are out of business.
Biotech Companies outsource their drug development activities to contract development and manufacturing organisations (CDMOs) and contract research organisations (CROs). Without Big Pharma paying Biotech companies who pay CDMOs and CROs, they are all out of business.
Downstream in the supply chain, Big Pharma companies are the product license holders, supplying wholesalers, who supply community and hospital pharmacies. Without Big Pharma products, wholesalers and pharmacies would have nothing to sell to make their customary profit margins.
At the top of the pile are the ‘payers’. These are the governments, private in…