Global Pharmaceutical Industry Fined $11 Billion in Three Years

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Although the global pharmaceutical industry racked up $11 billion in fines in the last three years, “Companies might well view such fines as a quite small percentage of their global revenue” according to Boston University lawyer Kevin Outterson. “If so, little has been done to change the system. The government merely recoups a portion of the financial fruit of firms’ past misdeeds.” But trust among doctors is so low that they dismiss clinical trials funded by the industry, according to a paper published in the New England Journal of Medicine.

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Kermit Cole
Kermit Cole
Kermit Cole, MFT, founding editor of Mad in America, works in Santa Fe, New Mexico as a couples and family therapist. Inspired by Open Dialogue, he works as part of a team and consults with couples and families that have members identified as patients. His work in residential treatment — largely with severely traumatized and/or "psychotic" clients — led to an appreciation of the power and beauty of systemic philosophy and practice, as the alternative to the prevailing focus on individual pathology. A former film-maker, he has undergraduate and master's degrees in psychology from Harvard University, as well as an MFT degree from the Council for Relationships in Philadelphia. He is a doctoral candidate with the Taos Institute and the Free University of Brussels. You can reach him at [email protected].

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