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Wednesday, May 09, 2007

Featured in the (bad) press

Uh Oh, The NY Times has a very nasty piece on the American branch of J&J and AM GEN who've apparently been paying (a lot) doctors to prescribe their anti-anemia treatments (EPO, a.k for its role in cycling doping).

Here's how the trick works.

Doctors buy from the company 9M US$ worth of drug. They prescribe it to the patients. Insurance or Medicare pays (let's say) 10M US$, to cover the drug's and all other costs. The company who sold the drug, though, send the doctors a rebates worth 2.7 M US$. Profit!!!

Frankly, I am disgusted of these practices, especially knowing that the company I work for (one of the two) prizes itself so much over his own credo. Now, I know this kind of practices are legal in the US, still this does not make them morally acceptable. Bleagh.

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