This happened about two weeks ago, but some may have missed it!
"The Court’s ruling a week ago on behalf of generic drug makers is actually a continuation of a ruling made by the same Court in 2011. At that time, the Justices ruled that the original inventors and manufacturers of pharmaceutical drugs, also known as ‘name brand’ drugs, are the only ones that can be sued for mislabeling, fraud or adverse drug reactions and side effects. If the generic versions of the drugs are made from the exact same formula and labeled with the exact same warnings as their brand name counterparts, the generics and their manufacturers were not liable."
"Immediately upon the Supreme Court’s ruling, both drug manufacturers and Wall Street investors were celebrating. As one financial analyst pointed out, drug company profits should skyrocket going forward. Not only do the pharmaceutical companies no longer have to worry about safety or side effects, they are exempt from the multi-million dollar court-imposed settlements awarded to victims of their drugs."
This post was modified from its original form on 17 Jul, 5:33
....further proof that big pharma and the govt are sleeping in the same bed....
generics do not go on the market til 7 sometimes 10 yrs.
It did say they had to make the generics exact.
Personally, I would NEVER take any new drug as they are not proven and it takes at least 15 yrs. to see the full side effects. My MD told me that and I am a RN and studies pharmacology and chemistry.
I like holistic meds and only take RX when necessary.
It is almost impossible to get "exact" formulas, because the excipient ingredients are almost never the same as what the brand name uses, partially because the brand name makers don't always put all ingredients on the label ... i.e., they may say "starch" is an ingredient, but the kind of starch isn't named and often, they won't tell you what kind of starch it is or they will tell you it changes. And some starches are absorbed more readily than others. And as Shelah said, the brand names have to be out there for quite awhile before the generics can be made, so most issues with the drug will have already surfaced by the time generics are made.I don't think this law would apply if ingredients in a generic were found to be tainted, would it???
One thing we really need to be watching for is the attempt to get rid of compounding pharmacies. Of course big Pharma has its' hands in that one, but they have our government going along with it. Surprise, surprise, right?
This smacks of bribery on the highest levels.
Investigated nestles in Africa. ..unbelievable corruption
Reported on it for abc news a long time ago.
Obviously they're still at it. !