Saturday, January 26, 2013

Amgen jumps over the fiscal cliff

In late December Amgen was found to have illegally marketed one of its drugs for uses not approved by the FDA.  Amgen will have to pay $762,000,000 in criminal and civil penalties.   

But that was December.  In January the Senate gave Amgen about $500,000,000 of our money by allowing it to sell another of its drugs for another two years without conforming to Medicare price restraints.  (Note that the company had already been granted a two year delay previously.)  This permission was given as part of the fiscal cliff bill.  The primary movers behind this permission were Senators McConnell, Hatch and Baucus.  Is it coincidence that the former chiefs of staff for both McConnell and Baucus are now lobbyists for Amgen? 

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1 comment:

R J Adams said...

Somehow I don't think there's any coincidence involved.