GlaxoSmithKline, a British drug company, announced on Monday that it will no longer pay doctors to promote its products — a controversial practice in the pharmaceutical industry that health reform advocates have been fighting to end for years. Glaxo is the first major drug company to agree to shift its policy in this area, a move that may help pressure its competitors to follow suit.
The company’s decision comes just a year before drug manufacturers will be required to disclose these type of payments under one of the provisions in Obamacare. Beginning next September, data on the financial compensation that physicians receive from Big Pharma companies will become publicly available in a searchable database.
It’s hard to look like an innovator when your company has paid a $3 billion fine in the U.S. and is accused of paying another half-billion dollars in bribes to China. But GlaxoSmithKline (GSK) Chief Executive Officer Andrew Witty is building on a long-term strategy with the move he announced on Tuesday to stop paying staffers for hitting sales targets and doctors for promoting its drugs.
The move reflects Witty’s ongoing battle to modernize the British drugmaker, lower discovery costs, and create what he calls “values-based decision-making” that gets beyond hawking the latest blockbuster.
Quote by Mondobubba:
Well that is a big honking deal! I've been following ProPublica's Dollars for Docs series off and on for a while, so I am one of twenty people who knew about the practice.
Quote by Raine:A lot of people aren't aware of this provision in the ACA.Quote by Mondobubba:
Well that is a big honking deal! I've been following ProPublica's Dollars for Docs series off and on for a while, so I am one of twenty people who knew about the practice.
It's really going to reset the medical community. Knowing that this information must be disclosed is going to encourage people to look harder at the meds their doctor prescribes.
Quote by TriSec:
FCHP has clear and specific ethical guidelines for all the corporate employees, which does include some doctors and nurses.
In a nutshell, any such contributions and payments are expressly forbidden. But then again, this Commonwealth has been far ahead of the curve, I believe some such payments (but not all) may actually be illegal.
This is one of the annoying things about healthcare - true reform would see the banning of all pharmaceutical advertisements.
("I saw this pill on teevee, can I have some?)
Quote by TriSec:
This is completely different from "Duck Dodgers in the 24th-and-a-half Century", yes?
Quote by Raine:
The Duck Dynasty guy who likened homosexuality to bestiality makes a living helping people trick ducks into thinking they want to fuck them.
Quote by Mondobubba:Quote by wickedpam:
Hey Mondo - found you something
Not for $95.00
Quote by wickedpam:
oh lord is stupid duck dynasty all he paid callers are going to talk about today
Quote by livingonli:
Good day, folks. Blog seems to be a bit quiet today.
Quote by wickedpam:
Moet is toilet water.
Quote by wickedpam:
Moet is toilet water.
Quote by clintster:Quote by wickedpam:
Moet is toilet water.
You should try this, brah...
It's got electrolytes.
Quote by TriSec:
*grunt*
Well, I was looking forward to buying real champagne for New Year next week. We've always gone with Moet White Star. Perhaps it's on to Veuve Clicquot, then. (Spanish Cordoniu is also quite nice...)
Quote by TriSec:Quote by wickedpam:
Moet is toilet water.
But is it better than Andre Cold Duck?
* ducks brick *
Quote by TriSec:
What are you havin' tonight, hon?
Holy Infant; it's so tender and mild!
Sorry, sorry... (say, don't we eat that body anyway? Pass the blood!)
*lightning strike*
Quote by TriSec:
Boston, MA - Representative TriSec (D-MA) has proposed radical new legislation that he hopes will "Make Republicans stop being such raging dicks." The legislation is quite simple. Before any law goes to Congress for debate, the sponsor of the law will be required to live under it's provisions for 30 days.
That's it. Nothing else. TriSec's spokesman stated 'Clean my floor, biatches!" before holding up a picture of a bag of dicks with a GOP logo on it.