Vatic Note: First of all, notice CBS news is reporting this.... huh??? Miracle or part of the agenda? Remember, GE owns CBS, which is owned in part by the Queen of England, a khazar, who wants the USA back in the commonwealth. Well, in the protocols and in Russia and Germany, the idea was to make the masses so disgruntled they would overthrow their respective governments. Once overthrown, the Khazars people would take over that government, similar to what is happening in Egypt, Libya, and what happened in Russia and Germany. The Governments, per se, were not the problem. It was the bankers infiltration of those governments IN POSITIONS OF POWER, that was the problem. In those positions, they "intentionally" did things that riled up the people against their government and not against the bankers. Sort of like they are doing here. Same in the French Revolution.... So, of course, the banker owned press is going to now begin promoting, in concert with the various protests going on one of which is controlled by Soros, all the dirt about the government and try to get you worked up so you willingly will throw out your protections in the body of the Constitution and Bill of Rights. Only then, can they legally do whatever the hell they want to do because then its rule by fiat and force. Well, who runs the FDA??? The Drug companies do, since the conflict of interest laws are not being enforced by the khazar controlled White House Justice Dept. Well, who owns the Drug companies, like the press, the energy companies and the food companies??? Thats right, the Khazar, Rothschild/Rockefeller Bankers. GEE, WHAT A SURPRISE. So, if we overthrow anything its going to be the PEOPLE within those agencies that need to be purged and especially if they are khazars with a history of working with or for the industries they are suppose to regulate. HOW DO YOU LIKE YOUR NEW WORLD ORDER SO FAR????
FDA approval of ancient remedy sends price soaring
By Jonathan LaPook, CBS News,
October 10, 2011
SILVER SPRING, Md. - Scott McGrath, 24, suffers from a painfully inflamed lining of the heart. Four months ago, the price of his medication suddenly went through the ceiling.
Sixty tablets of Colchicine used to cost him $34.83, and cost his insurance company nothing.
CBS News medical correspondent Dr. Jon LaPook reports the medication is now called Colcrys, and costs McGrath $62.16. "Almost doubled the amount I paid, and it cost my insurance company $244.74," McGrath said.
"The drug is no longer being sold by anyone but a single company, and that explains the price increase," McGrath said.
Colchicine has been used to treat gout and other inflammatory conditions for thousands of years. How could one company gain a monopoly?
There are about 1,000 medications on the market that predate the existence of the Food and Drug Administration and therefore were never approved. FDA official Deborah Autor spoke to CBS News as head of the office of unapproved drugs. "Well, for me, unapproved drugs present current risks," Autor said. "We don't know what's in them. We don't know if they're going to work properly. We don't know how they're made and that's a real concern."
Hundreds of thousands of people take Colchicine each year. The FDA said over the past 40 years, 169 deaths have been linked to the medication. A company called URL Pharma decided it would take the ancient drug, sold for 10 cents a pill, and test it as part of an FDA program to either approve these drugs or get them off the market.
"One company chose to seek FDA approval and they spent tens of millions of dollars in order to present data necessary for that approval and in the process, there were some important things that came out of the approval process," Autor said. "We discovered a lot of people were being excessively dosed with Colchicine."
Unlike companies that develop drugs from scratch and study thousands of patients for years, URL Pharma started with a pre-existing drug. Its research did clarify safety and dosing information. In return for the studies, the FDA granted URL exclusive rights to sell the medication.
"The reward that they got seems far out of proportion to the work that they did," said Dr. Edward Fundman, a rheumatologist who's been prescribing Colchicine for 30 years.
Fundman said the conversations among his colleagues was, "Just outrage that a company could take advantage of this FDA process and basically appropriate the drug for its own purpose. Even if a patient's not paying the full price out of pocket, their insurance company's paying it. Medicaid and Medicare have to pay for it. We're all paying for it."
Follow Dr. Jon LaPook on Twitter at @DrLaPook
How much are we paying? URL declined to speak about its sales so we went to a drug benefits manager called Prime Therapeutics. It told us the cost of an average 23-day prescription - including pharmacy charges - has risen from under $6.72 to $185.53.
IMS Health gave CBS News the number of Colchicine prescriptions nationwide. Add it all up and the cost of URL's price hike - over just one year - could exceed half a billion dollars.
With the higher price, URL has started a program to assist patients who can't pay. So far, 60,000 have asked for help. URL declined a request for an interview, but in a statement said its research "dramatically reduced adverse reactions" from Colchicine.
"Did you anticipate that the pricing was going to go up 50 times?" LaPook asked Autor.
"I think that companies have control over the pricing and we certainly hope that they would take into account the interest of consumers and not price them unreasonably."
So was the hike unexpected at the FDA?
"I think that is their decision," Autor replied. "I think we were surprised that they set the price that high."
Scott McGrath tried over-the-counter medications for his heart condition. But they didn't work as well as Colchicine.
"It's scary, it's a scary position to be in, to find myself in," McGrath said. "But ultimately I had to pay because I needed the drug."
URL's exclusive right to Colchicine for the most common indication - gout - expires next July.
There are about 1,000 other unapproved medications currently on the market. Since the FDA does not control drug pricing, there's little to stop similar price hikes from happening again.
Statement from URL Pharma:
Through our patient assistance initiatives, we have assured that virtually every patient should be able to get FDA-approved Colcrys without any financial barrier. This is evidenced by the ratio of people who we help, versus those who register a concern about price, being over 12,000 to 1. The price of Colcrys is consistent with other innovator products for pain and chronic conditions, and should not be compared to the cost of illegal, unapproved versions of colchicine that did nothing to advance medical science for patient safety. (VN: Awe, poor baby)
The article is reproduced in accordance with Section 107 of title 17 of the Copyright Law of the United States relating to fair-use and is for the purposes of criticism, comment, news reporting, teaching, scholarship, and research.
For 2000 years, people have been getting sick and dying from colchicine unnecessarily. But this wasn't known until URL Pharma conducted its ground-breaking research that dramatically reduced adverse reactions, identified many critically important drug-drug interactions, and showed how to minimize the risks of these adverse reactions. FDA issued press releases, a video, and a White Paper confirming the importance of these discoveries. The American College of Rheumatology (ACR) published our research papers in its journal.
Congress established financial incentives for drug companies to make discoveries that benefit the public. Even with the financial incentives that Congress established through the Waxman Hatch Amendment, URL Pharma is the only drug company that answered FDA's request, conducted this novel research, and invested and risked the costs in money, time, and intellectual resources to bring these improvements in patient safety to the public, and thus deserves to receive the Congressionally-mandated reward for our contributions.