Do Drug Companies Cut Corners to Boost Profits?

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June 19, 2017
Colson Hicks Eidson

Drug companies may cut corners to boost profits at the expense of patient safety. In this video, attorney Patrick Montoya explains how pharmaceutical companies fund their own studies to hide dangers or inflate the effectiveness of their products. In many cases, the FDA buys into these studies because they are understaffed and underfunded.

Video Transcription:

What we see in the pharmaceutical industry is a push by the pharmaceutical companies to make money. Which is understandable. We live in a capitalist society and there’s nothing wrong with making money at all. But, with the amount of money that’s invested in the large pharmaceutical companies. Often times, they cut corners. What they like to do is commission studies for their drugs or for their medications. And they fund those studies. So, naturally those studies are often times they’re biased. Or, they’re just simply wrong.

And what we find is, while the FDA is trying to do its job as an administrative body to make sure dangerous products don’t get out on the market. They’re understaffed, underfunded, and they’re overwhelmed. So, a lot of times they take as gospel the word of these pharmaceutical companies. That are showing them all of these studies with fancy doctors and fancy names. And usually what happens is several years down the road as the product gets out there. People start to realize that the side effects of some of these medications are causing real problems. And then when you start looking behind the studies that were done. Often times, they’re false. And they’re funded by the pharmaceutical companies.

So, what looked like the FDA, aw this is a great drug. This is the next miracle drug is in fact a farse. And that’s what we’ve been seeing over and over again. Or, they over exaggerate the effectiveness of their claims. Or, they over exaggerate the error rate. Some studies, will show a 2-3% harm rate, for example, for a particular pill. Well, come to find out it’s a 12 or a 15% harm rate. Well, that might not sound like a lot. But if your relative or you are in that 12-15%, then it starts to matter. So, really what we found is the drive for profits. And the drive for money for these pharmaceutical companies causes them to cut corners. And to frankly lie and defraud the public. For more information, you can contact Colson Hicks Eidson at our website