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World of DTC Marketing
WSJ Health Blog
AHRP
Better Health
BigGovHealth
Biotech Blog
BrandweekNRX
CA Medicine man
Cafe Pharma
Campaign for Modern Medicines
Carlat Psychiatry Blog
Clinical Psychology and Psychiatry: A Closer Look
Conservative's Forum
Club For Growth
CNEhealth.org
Diabetes Mine
Disruptive Women
Doctors For Patient Care
Dr. Gov
Drug Channels
DTC Perspectives
eDrugSearch
Envisioning 2.0
EyeOnFDA
FDA Law Blog
Fierce Pharma
fightingdiseases.org
Fresh Air Fund
Furious Seasons
Gooznews
Gel Health News
Hands Off My Health
Health Business Blog
Health Care BS
Health Care for All
Healthy Skepticism
Hooked: Ethics, Medicine, and Pharma
Hugh Hewitt
IgniteBlog
In the Pipeline
In Vivo
Instapundit
Internet Drug News
Jaz'd Healthcare
Jaz'd Pharmaceutical Industry
Jim Edwards' NRx
Kaus Files
KevinMD
Laffer Health Care Report
Little Green Footballs
Med Buzz
Media Research Center
Medrants
More than Medicine
National Review
Neuroethics & Law
Newsbusters
Nurses For Reform
Nurses For Reform Blog
Opinion Journal
Orange Book
PAL
Peter Rost
Pharm Aid
Pharma Blog Review
Pharma Blogsphere
Pharma Marketing Blog
Pharmablogger
Pharmacology Corner
Pharmagossip
Pharmamotion
Pharmalot
Pharmaceutical Business Review
Piper Report
Polipundit
Powerline
Prescription for a Cure
Public Plan Facts
Quackwatch
Real Clear Politics
Remedyhealthcare
Shark Report
Shearlings Got Plowed
StateHouseCall.org
Taking Back America
Terra Sigillata
The Cycle
The Catalyst
The Lonely Conservative
TortsProf
Town Hall
Washington Monthly
World of DTC Marketing
WSJ Health Blog
DrugWonks Blog
06/27/2007 10:28 AM |
From the Daily Sport in the UK
SUBJECT: IF YOU'RE GOING TO BOYCOTT ISRAEL - DO IT PROPERLY!
OK. So I understand that you are ticked off at Israel, and in love with
the Palestinians. That's fine with me, as long as you have truly
weighed all the facts.
So, you want to boycott Israel????? I'll be sorry to miss you, but if
you are doing it - do it properly. Let me help you.
An Israeli company has developed a simple blood test that
distinguishes between mild and more severe cases of Multiple
Sclerosis. So, if you know anyone suffering from MS, tell them to
ignore the Israeli patent that may, more accurately, diagnose their
symptoms.
An Israeli-made device helps restore the use of paralyzed hands. This
device electrically stimulates the hand muscles, providing hope to
millions of stroke sufferers and victims of spinal injuries. If you
wish to remove this hope of a better quality of life to these people,
go ahead and boycott Israel.
Young children with breathing problems will soon be sleeping more
soundly, thanks to a new Israeli device called the Child Hood. This
innovation replaces the inhalation mask with an improved drug delivery
system that provides relief for child and parent. Please tell anxious
mothers that they shouldn't use this device because of your passionate
cause.
These are just a few examples of how people have benefited medically
from the Israeli know-how you wish to block. Boycotts often affect
research.
A new research center in Israel hopes to throw light on brain
disorders such as depression and Alzheimer's disease.
The Joseph Sangol Neuroscience Center in the Sheba Medical Center at
Tel HaShomer Hospital, aims to bring thousands of scientists and
doctors to focus on brain research.
A researcher at Israel's Ben Gurion University has succeeded in
creating human monoclonal antibodies which can neutralize the highly
contagious smallpox virus without inducing the dangerous side effects
of the existing vaccine.
Two Israelis received the 2004 Nobel Prize in Chemistry. Doctors
Ciechanover and Hershko's research and discovery of one of the human
cells most important cyclical processes will lead the way to DNA
repair, control of newly produced proteins, and immune defense
systems.
The Movement Disorder Surgery program at Israel's Hadassah Medical
Center has successfully eliminated the physical manifestations of
Parkinson's disease in a select group of patients with a deep brain
stimulation technique.
For women who undergo hysterectomies each year for the treatment of
uterine fibroids, the development in Israel of the Ex Ablate 2000
System is a welcome breakthrough, offering a noninvasive alternative
to surgery.
Israel is developing a nose drop that will provide a five year flu
vaccine.
These are just a few of the projects that you can help stop with your
Israeli boycott. But let's not get too obsessed with my ducal
research, there are other ways you can make a personal sacrifice with
your anti-Israel boycott.
Most of Windows operating systems were developed by Microsoft-Israel.
So, set a personal example. Throw away your computer!
Computers should have a sign attached saying Israel Inside. The
Pentium NMX Chip technology was designed at Intel in Israel. Both the
Pentium 4 microprocessor and the Centrum processor were entirely
designed, developed, and produced in Israel.
Voice mail technology was developed in Israel.
The technology for the AOL Instant Messenger ICQ was developed in 1996
in Israel by four young Israeli whiz kids.
Both Microsoft and Cisco built their only R. & D. facilities outside
the US in Israel.
So, due to your complete boycott of anything Israeli, you can now
have poor health and no computer.
But your bad news does not end there. Get rid of your cellular phone.
Cell phone technology was also developed in Israel by MOTOROLA which
has its biggest development center in Israel. Most of the latest
technology in your mobile phone was developed by Israeli scientists.
Feeling unsettled? You should be. Part of your personal security rests
with Israeli inventiveness, borne out of our urgent necessity to
protect and defend our lives from the terrorists you support.
A phone can remotely activate a bomb, or be used for tactical
communications by terrorists, bank robbers, or hostage-takers. It is
vital that official security and law enforcement authorities have
access to cellular jamming and detection solutions.
Enter Israel's Net line Communications Technologies with their
security expertise to help the fight against terror.
SO ALL THE NOISE ABOUT THE USA LISTENING TO OUR PRIVATE TELEPHONE
CALLS, YOU SHOULD KNOW IT IS ISRAEL WHO IS DOING THE LISTENING FOR US.
A joint, nonprofit, venture between Israel and Maryland will result in
a 5 day Business Development and Planning Conference next March.
Elected Israeli companies will partner with Maryland firms to provide
innovation to the US need for homeland security.
I also want you to know that Israel has the highest ratio of
university degrees to the population in the world.
Israel produces more scientific papers per capita - 109 per 10,000 -
than any other nation.
Israel has the highest number of startup companies per rata. In
absolute terms, the highest number, except the US. Israel has a ratio
of patents filed.
Israel has the highest concentration of hi-tech companies outside of
Silicon Valley. Israel is ranked #2 in the world for venture capital
funds, behind the USA.
Israel has more museums per capita.
Israel has the second highest publication of new books per capita.
Relative to population, Israel is the largest immigrant absorbing
nation on earth.
These immigrants come in search of democracy, religious freedom or
expression, economic opportunity, and quality of life.
Believe it or not, Israel is the only country in the world which had a
net gain in the number of trees last year.
Even Warren Buffet of Berkshire-Hathaway fame has just invested
millions with Israeli Companies.
So, you can vilify and demonize the State of Israel. You can continue
your silly boycott, if you wish. But I wish you would consider the
consequences, and the truth.
Think of the massive contribution that Israel is giving to the world,
including the Palestinians - and to you - in science, medicine,
communications, security.
Pro rata for population, Israel is making a greater contribution than
any other nation on earth. Read More & Comment...
SUBJECT: IF YOU'RE GOING TO BOYCOTT ISRAEL - DO IT PROPERLY!
OK. So I understand that you are ticked off at Israel, and in love with
the Palestinians. That's fine with me, as long as you have truly
weighed all the facts.
So, you want to boycott Israel????? I'll be sorry to miss you, but if
you are doing it - do it properly. Let me help you.
An Israeli company has developed a simple blood test that
distinguishes between mild and more severe cases of Multiple
Sclerosis. So, if you know anyone suffering from MS, tell them to
ignore the Israeli patent that may, more accurately, diagnose their
symptoms.
An Israeli-made device helps restore the use of paralyzed hands. This
device electrically stimulates the hand muscles, providing hope to
millions of stroke sufferers and victims of spinal injuries. If you
wish to remove this hope of a better quality of life to these people,
go ahead and boycott Israel.
Young children with breathing problems will soon be sleeping more
soundly, thanks to a new Israeli device called the Child Hood. This
innovation replaces the inhalation mask with an improved drug delivery
system that provides relief for child and parent. Please tell anxious
mothers that they shouldn't use this device because of your passionate
cause.
These are just a few examples of how people have benefited medically
from the Israeli know-how you wish to block. Boycotts often affect
research.
A new research center in Israel hopes to throw light on brain
disorders such as depression and Alzheimer's disease.
The Joseph Sangol Neuroscience Center in the Sheba Medical Center at
Tel HaShomer Hospital, aims to bring thousands of scientists and
doctors to focus on brain research.
A researcher at Israel's Ben Gurion University has succeeded in
creating human monoclonal antibodies which can neutralize the highly
contagious smallpox virus without inducing the dangerous side effects
of the existing vaccine.
Two Israelis received the 2004 Nobel Prize in Chemistry. Doctors
Ciechanover and Hershko's research and discovery of one of the human
cells most important cyclical processes will lead the way to DNA
repair, control of newly produced proteins, and immune defense
systems.
The Movement Disorder Surgery program at Israel's Hadassah Medical
Center has successfully eliminated the physical manifestations of
Parkinson's disease in a select group of patients with a deep brain
stimulation technique.
For women who undergo hysterectomies each year for the treatment of
uterine fibroids, the development in Israel of the Ex Ablate 2000
System is a welcome breakthrough, offering a noninvasive alternative
to surgery.
Israel is developing a nose drop that will provide a five year flu
vaccine.
These are just a few of the projects that you can help stop with your
Israeli boycott. But let's not get too obsessed with my ducal
research, there are other ways you can make a personal sacrifice with
your anti-Israel boycott.
Most of Windows operating systems were developed by Microsoft-Israel.
So, set a personal example. Throw away your computer!
Computers should have a sign attached saying Israel Inside. The
Pentium NMX Chip technology was designed at Intel in Israel. Both the
Pentium 4 microprocessor and the Centrum processor were entirely
designed, developed, and produced in Israel.
Voice mail technology was developed in Israel.
The technology for the AOL Instant Messenger ICQ was developed in 1996
in Israel by four young Israeli whiz kids.
Both Microsoft and Cisco built their only R. & D. facilities outside
the US in Israel.
So, due to your complete boycott of anything Israeli, you can now
have poor health and no computer.
But your bad news does not end there. Get rid of your cellular phone.
Cell phone technology was also developed in Israel by MOTOROLA which
has its biggest development center in Israel. Most of the latest
technology in your mobile phone was developed by Israeli scientists.
Feeling unsettled? You should be. Part of your personal security rests
with Israeli inventiveness, borne out of our urgent necessity to
protect and defend our lives from the terrorists you support.
A phone can remotely activate a bomb, or be used for tactical
communications by terrorists, bank robbers, or hostage-takers. It is
vital that official security and law enforcement authorities have
access to cellular jamming and detection solutions.
Enter Israel's Net line Communications Technologies with their
security expertise to help the fight against terror.
SO ALL THE NOISE ABOUT THE USA LISTENING TO OUR PRIVATE TELEPHONE
CALLS, YOU SHOULD KNOW IT IS ISRAEL WHO IS DOING THE LISTENING FOR US.
A joint, nonprofit, venture between Israel and Maryland will result in
a 5 day Business Development and Planning Conference next March.
Elected Israeli companies will partner with Maryland firms to provide
innovation to the US need for homeland security.
I also want you to know that Israel has the highest ratio of
university degrees to the population in the world.
Israel produces more scientific papers per capita - 109 per 10,000 -
than any other nation.
Israel has the highest number of startup companies per rata. In
absolute terms, the highest number, except the US. Israel has a ratio
of patents filed.
Israel has the highest concentration of hi-tech companies outside of
Silicon Valley. Israel is ranked #2 in the world for venture capital
funds, behind the USA.
Israel has more museums per capita.
Israel has the second highest publication of new books per capita.
Relative to population, Israel is the largest immigrant absorbing
nation on earth.
These immigrants come in search of democracy, religious freedom or
expression, economic opportunity, and quality of life.
Believe it or not, Israel is the only country in the world which had a
net gain in the number of trees last year.
Even Warren Buffet of Berkshire-Hathaway fame has just invested
millions with Israeli Companies.
So, you can vilify and demonize the State of Israel. You can continue
your silly boycott, if you wish. But I wish you would consider the
consequences, and the truth.
Think of the massive contribution that Israel is giving to the world,
including the Palestinians - and to you - in science, medicine,
communications, security.
Pro rata for population, Israel is making a greater contribution than
any other nation on earth. Read More & Comment...
06/26/2007 03:28 PM |
Peter's post on his importation briefing is Kafka-esque. You can't make up the kind of rationalizations the pro-importation forces have been reduced to -- because they are driven by polls and pure political objective, not facts, not reason, not concern for public health or safety. I think official Washington has created and thrives on a new form of communication, Truthspeak, where flacks, spin doctors, policy hatchets, et al., will say and do anything that advances their short term interests and/or protects their flank though it may contradict reality or what was said or done the day before. The past -- what once was history -- no longer exists and therefore one is no longer accountable or responsible for deeds or actions other than those in the very present.
This tactic has spread Ebola-like throughout politics as the number of media outlets needing content on a 24/7 basis have multiplied.
The importation forces are lead, not coincidentally by Truthspeaker-in-Chief Rahm Emanuel who turned parsing phrases and weasel words into lethal political weapons for the Clintons. (He's had much less success in helping his buddy, Illinois Governor "Wrong-Way Rod" Blagojevich, have any success in the Prairie State's ill-fated importation schemes.)
If you can convince people to open the US to unsafe practices that don't even save money in Europe -- you can do anything. Well, we hope not. Read More & Comment...
This tactic has spread Ebola-like throughout politics as the number of media outlets needing content on a 24/7 basis have multiplied.
The importation forces are lead, not coincidentally by Truthspeaker-in-Chief Rahm Emanuel who turned parsing phrases and weasel words into lethal political weapons for the Clintons. (He's had much less success in helping his buddy, Illinois Governor "Wrong-Way Rod" Blagojevich, have any success in the Prairie State's ill-fated importation schemes.)
If you can convince people to open the US to unsafe practices that don't even save money in Europe -- you can do anything. Well, we hope not. Read More & Comment...
06/26/2007 08:27 AM |
Just because you say it enough times doesn't make it true.
Most recent example that proves this maxim is the attempt by certain members of Congress -- in this case U.S. Representatives Rahm Emanuel (D-IL), Jo Ann Emerson (R-MO), Rosa DeLauro (D-CT), and Marion Berry (D-AR) -- to hide the facts that drug importation is neither safe nor smart.
The Fearsome Four offer the following reasons why drug importation is a good idea. (We offer the facts in bold -- because the truth must be told boldly.)
The Fearsome Four claim that the same brand name drugs cost 35-55% less in other nations then they do in the US.
That's because the nation's of the EU (and Canada) have price controls that equal choice controls for their citizens. Also, the rest of the world unfairly shirks its responsibilities to shoulder their fair share of the burden of research and development. This is what members of Congress should be up in arms about.
The Fearsome Four say that drug importation has been in place in the European Union (where they call it "parallel trade") for more than 20 years with no safety problems.
Believe it or not, their "source" for this is Peter Rost. For the truth we prefer the European Commission who has identified parallel trade as the weak link in the chain for counterfeiters. It's also convenient (although not responsible) to forget that the British regulatory authorities have recently found counterfeit and substandard medicines in their island kingdom -- courtesy of parallel trade.
The Fearsome Four claim the pharmaceutical industry has imported drugs and sold them in the U.S. for decades. In fact, 40 percent of the drugs consumed by Americans today are made in foreign manufacturing plants.
That's right -- in plants authorized and inspected by the FDA. The Four conveniently omit the fact that their legislation would allow in medicines from plants not approved by the FDA. Oops.
The Fearsome Four claim that prescription drug importation will result in $50 billion in direct savings alone over the next decade, a $10 billion benefit to the federal budget.
For this fact they cite a Congressional Budget Office Study. But what the study actually says is that such a program woyuld reduce the drug spend in the US by .01%. And that doesn't include the monies needed to set up an entirely new, international system for drug regulation.
And finally, the Fearsome Four claim that passage of the Pharmaceutical Market Access and Drug Safety Act will finally assure the security of our drug supply.
Assure the safety of our drug supply? This is the biggest whopper of them all. How will our domestic medicines supply be "safer" when we open our borders to drugs from Estonia, Latvia, Malta, Greece, and Portugal -- to name only a few. Because what the Fearsome Four aren't saying is that "drugs from the United Kingdom" means drugs from all of the 27 EU nations -- many of which have had their own supply chains infiltrated by counterfeits from Russia and elsewhere. They should do their homework.
What happens when pesky facts get in the way of political grandstanding? Good things. Read More & Comment...
Most recent example that proves this maxim is the attempt by certain members of Congress -- in this case U.S. Representatives Rahm Emanuel (D-IL), Jo Ann Emerson (R-MO), Rosa DeLauro (D-CT), and Marion Berry (D-AR) -- to hide the facts that drug importation is neither safe nor smart.
The Fearsome Four offer the following reasons why drug importation is a good idea. (We offer the facts in bold -- because the truth must be told boldly.)
The Fearsome Four claim that the same brand name drugs cost 35-55% less in other nations then they do in the US.
That's because the nation's of the EU (and Canada) have price controls that equal choice controls for their citizens. Also, the rest of the world unfairly shirks its responsibilities to shoulder their fair share of the burden of research and development. This is what members of Congress should be up in arms about.
The Fearsome Four say that drug importation has been in place in the European Union (where they call it "parallel trade") for more than 20 years with no safety problems.
Believe it or not, their "source" for this is Peter Rost. For the truth we prefer the European Commission who has identified parallel trade as the weak link in the chain for counterfeiters. It's also convenient (although not responsible) to forget that the British regulatory authorities have recently found counterfeit and substandard medicines in their island kingdom -- courtesy of parallel trade.
The Fearsome Four claim the pharmaceutical industry has imported drugs and sold them in the U.S. for decades. In fact, 40 percent of the drugs consumed by Americans today are made in foreign manufacturing plants.
That's right -- in plants authorized and inspected by the FDA. The Four conveniently omit the fact that their legislation would allow in medicines from plants not approved by the FDA. Oops.
The Fearsome Four claim that prescription drug importation will result in $50 billion in direct savings alone over the next decade, a $10 billion benefit to the federal budget.
For this fact they cite a Congressional Budget Office Study. But what the study actually says is that such a program woyuld reduce the drug spend in the US by .01%. And that doesn't include the monies needed to set up an entirely new, international system for drug regulation.
And finally, the Fearsome Four claim that passage of the Pharmaceutical Market Access and Drug Safety Act will finally assure the security of our drug supply.
Assure the safety of our drug supply? This is the biggest whopper of them all. How will our domestic medicines supply be "safer" when we open our borders to drugs from Estonia, Latvia, Malta, Greece, and Portugal -- to name only a few. Because what the Fearsome Four aren't saying is that "drugs from the United Kingdom" means drugs from all of the 27 EU nations -- many of which have had their own supply chains infiltrated by counterfeits from Russia and elsewhere. They should do their homework.
What happens when pesky facts get in the way of political grandstanding? Good things. Read More & Comment...
06/25/2007 12:43 PM |
For those of us who enjoy waiting two hours in a doctor's office or using the ER room to getting care because we don't get sick between 10-5, you'll love how the AMA is responding to the grow of retail health clinics:
The American Medical Association should call for a ban on in-store clinics being opened by retail giants like Wal-Mart Stores Inc. and Walgreen Co., several doctors groups urged at the AMA's annual meeting in Chicago on Sunday.
Faced with an onslaught of competition that is forecast to bring several thousand retail health clinics to U.S. consumers, AMA members testified that such clinics are endangering patient care, particularly for children. The doctors say the clinics, largely staffed by advanced-degree nurses and physicians' assistants, are largely unregulated and, therefore, put patients' health at risk.
I have used the Redi-Clinics at Duane Reade and I can tell you MY health was put at risk. I was nearly knocked unconscious by how clean, convenient and excellent the care was. A PA whose previous experience was working at a community health center provided me a flu shot and quick look at my sinuses. She sent a copy of my record via email to me which I shared with my physician. Yeah, a real risk alright.
"There is no more urgent issue than this for the AMA," Dr. Kamran Hashemi, a family physician from South Barrington, said, urging the organization to push for more regulation of retail clinics. "This issue speaks to what all of us do every day in practice." If the AMA does nothing, Hashemi said, "in five years, the chairs [at the AMA] meeting will be filled with representatives from Walgreens, Wal-Mart" and other retail outlets.
It's called competition, Kamran. Get off your chair, change or get out of the way. People in rural areas, who work real jobs, who have sick kids need access to real care in real time, not when it's convenient to doctors who are interested in the status quo. Protectionism is not going to cut it.
http://www.chicagotribune.com/business/chi-clinics_bizjun25,0,4533626.story?coll=chi-business-hed Read More & Comment...
The American Medical Association should call for a ban on in-store clinics being opened by retail giants like Wal-Mart Stores Inc. and Walgreen Co., several doctors groups urged at the AMA's annual meeting in Chicago on Sunday.
Faced with an onslaught of competition that is forecast to bring several thousand retail health clinics to U.S. consumers, AMA members testified that such clinics are endangering patient care, particularly for children. The doctors say the clinics, largely staffed by advanced-degree nurses and physicians' assistants, are largely unregulated and, therefore, put patients' health at risk.
I have used the Redi-Clinics at Duane Reade and I can tell you MY health was put at risk. I was nearly knocked unconscious by how clean, convenient and excellent the care was. A PA whose previous experience was working at a community health center provided me a flu shot and quick look at my sinuses. She sent a copy of my record via email to me which I shared with my physician. Yeah, a real risk alright.
"There is no more urgent issue than this for the AMA," Dr. Kamran Hashemi, a family physician from South Barrington, said, urging the organization to push for more regulation of retail clinics. "This issue speaks to what all of us do every day in practice." If the AMA does nothing, Hashemi said, "in five years, the chairs [at the AMA] meeting will be filled with representatives from Walgreens, Wal-Mart" and other retail outlets.
It's called competition, Kamran. Get off your chair, change or get out of the way. People in rural areas, who work real jobs, who have sick kids need access to real care in real time, not when it's convenient to doctors who are interested in the status quo. Protectionism is not going to cut it.
http://www.chicagotribune.com/business/chi-clinics_bizjun25,0,4533626.story?coll=chi-business-hed Read More & Comment...
06/25/2007 08:35 AM |
As its costs continue to spiral upward, most people now agree that America's health care system is broken. And as the race for the White House heats up, politicians on both sides of the aisle are clamoring to propose ideas that rein in health spending.
Unfortunately, the policies offered thus far are misguided. As counterintuitive as it may sound, the answer to America's health care woes won't be found by harping over the price of care.
Here's the rest of the story via a new op-ed in the Baltimore Sun:
http://www.baltimoresun.com/news/opinion/oped/bal-op.prevention24jun24,0,2342454.story?coll=bal-oped-headlines
The conclusion?
"Prevention must be health care's first line of defense, as a proper diet and healthy lifestyle can stop many diseases in their tracks.
Failing prevention, earlier diagnosis and care are crucial. There are many effective treatments and maintenance medications that can stop diseases such as hypertension and diabetes from progressing, allowing millions of Americans to lead active and productive lives without breaking the bank.
In the coming weeks, the nation will learn more about the health care plans of each of the major presidential candidates. If lawmakers want to save lives, enhance the quality of care, and reduce costs, the focus needs to shift to prevention and early diagnosis."
SiCKO? How about WeLLO. Read More & Comment...
Unfortunately, the policies offered thus far are misguided. As counterintuitive as it may sound, the answer to America's health care woes won't be found by harping over the price of care.
Here's the rest of the story via a new op-ed in the Baltimore Sun:
http://www.baltimoresun.com/news/opinion/oped/bal-op.prevention24jun24,0,2342454.story?coll=bal-oped-headlines
The conclusion?
"Prevention must be health care's first line of defense, as a proper diet and healthy lifestyle can stop many diseases in their tracks.
Failing prevention, earlier diagnosis and care are crucial. There are many effective treatments and maintenance medications that can stop diseases such as hypertension and diabetes from progressing, allowing millions of Americans to lead active and productive lives without breaking the bank.
In the coming weeks, the nation will learn more about the health care plans of each of the major presidential candidates. If lawmakers want to save lives, enhance the quality of care, and reduce costs, the focus needs to shift to prevention and early diagnosis."
SiCKO? How about WeLLO. Read More & Comment...
06/22/2007 04:57 PM |
Looks like you have to step away from the pharma bloggersphere to find a Kool-aid free zone on Avandia and Nissen:
From http://10qdetective.blogspot.com/
https://www.blogger.com/comment.g?blogID=19852159&postID=4016826588860183126 Read More & Comment...
From http://10qdetective.blogspot.com/
https://www.blogger.com/comment.g?blogID=19852159&postID=4016826588860183126 Read More & Comment...
06/22/2007 03:01 PM |
Thirteen years in the making...GMP requirements for supplements and herbal products.
From http://www.thetansheet.com
Dietary supplement manufacturers will have to be in compliance with newly issued – and long anticipated – dietary supplement good manufacturing practices by June 24, 2008, while the smallest firms will have until June 2010.
FDA posted the regulation for advanced display on the Federal Register June 22, thirteen years after the Dietary Supplement Health and Regulation Act authorized its creation.
The final rule "includes requirements for establishing quality control procedures, designing and constructing manufacturing plants, and testing ingredients and the finished product," FDA notes. The rule also includes "requirements for recordkeeping and handling consumer product complaints."
The rule does not apply to suppliers or producers of raw ingredients, but instead places the onus of GMP compliance completely on manufacturers.
While the rule applies to dietary supplements and not dietary ingredients, any dietary ingredient used in a supplement product will be required to pass "100 percent" identity testing. Firms will be required to verify the identity of any components that are dietary ingredients, and confirm the identity of "other components."
"The final rule will help ensure that dietary supplements are manufactured with controls that result in a consistent product free of contamination, with accurate labeling," said Robert E. Brackett, director of FDA's Center for Food Safety and Applied Nutrition. Under the final rule, manufacturers will be required to "evaluate the identity, purity, strength, and composition of their dietary supplements," the agency says. Supplements that contain contaminants or "do not contain the dietary ingredient they are represented to contain," would be adulterated or misbranded under the rule, FDA says.
Most of this stuff in made overseas or from material shipped overseas. As from China. No coincidence I'm sure. Now let's see how long compliance takes. Read More & Comment...
From http://www.thetansheet.com
Dietary supplement manufacturers will have to be in compliance with newly issued – and long anticipated – dietary supplement good manufacturing practices by June 24, 2008, while the smallest firms will have until June 2010.
FDA posted the regulation for advanced display on the Federal Register June 22, thirteen years after the Dietary Supplement Health and Regulation Act authorized its creation.
The final rule "includes requirements for establishing quality control procedures, designing and constructing manufacturing plants, and testing ingredients and the finished product," FDA notes. The rule also includes "requirements for recordkeeping and handling consumer product complaints."
The rule does not apply to suppliers or producers of raw ingredients, but instead places the onus of GMP compliance completely on manufacturers.
While the rule applies to dietary supplements and not dietary ingredients, any dietary ingredient used in a supplement product will be required to pass "100 percent" identity testing. Firms will be required to verify the identity of any components that are dietary ingredients, and confirm the identity of "other components."
"The final rule will help ensure that dietary supplements are manufactured with controls that result in a consistent product free of contamination, with accurate labeling," said Robert E. Brackett, director of FDA's Center for Food Safety and Applied Nutrition. Under the final rule, manufacturers will be required to "evaluate the identity, purity, strength, and composition of their dietary supplements," the agency says. Supplements that contain contaminants or "do not contain the dietary ingredient they are represented to contain," would be adulterated or misbranded under the rule, FDA says.
Most of this stuff in made overseas or from material shipped overseas. As from China. No coincidence I'm sure. Now let's see how long compliance takes. Read More & Comment...
06/22/2007 02:43 PM |
What's up with the FDA issuing an approvable letter on maraviroc? Well according to Peter Rost (who should know since he is the master of manipulating golden parachutes for himself. Rost's next book: How To Collect Fat Paychecks From ShortHills By Suing Those You Work For) it was to allow outgoing Pfizer R and D execs to short their options. Yeah right. And all those imported drugs made in China ARE safe, just like the toothpaste and petfood.
Anyways, if you were an FDA drug reviewer you now have two choices: become a snitch for Senator Grassley or Congressman Waxman or simply wait till the very last minute to approve a drug. You never know when -- in the words of the owner of the Steven E. Nissen Healthy Heart Fund -- you might be approving another 9=11.
Maraviroc was a targeted therapy for people facing multiple drug resistant HIV...but hey, what's a few months while the FDA sorts out an even lower incidence of liver problems than Tylenol? We now live in a country where in some parts you have to be 19 to buy cold medicines with dextromethorphan. That's right folks, you can fight for your country but you can't buy Robitussin.
The infantilization of American continues apace. Read More & Comment...
Anyways, if you were an FDA drug reviewer you now have two choices: become a snitch for Senator Grassley or Congressman Waxman or simply wait till the very last minute to approve a drug. You never know when -- in the words of the owner of the Steven E. Nissen Healthy Heart Fund -- you might be approving another 9=11.
Maraviroc was a targeted therapy for people facing multiple drug resistant HIV...but hey, what's a few months while the FDA sorts out an even lower incidence of liver problems than Tylenol? We now live in a country where in some parts you have to be 19 to buy cold medicines with dextromethorphan. That's right folks, you can fight for your country but you can't buy Robitussin.
The infantilization of American continues apace. Read More & Comment...
06/22/2007 09:52 AM |
By now you've surely heard that the E&C vote on the FDA reform package was 39-0 and full House passage looks good.
But ...
The House version has some very dangerous language vis-a-vis advisory committee conflict of interest waivers. The House bill would only permit the FDA to grant one COI waiver per committee.
One? Why not two? Or three? What's the difference? After all, each adcomm member needs to be dealt with as a discreet case, yes?
We can't allow FDA adcomms to be made up of the second best and the almost brightest. Not ever.
Hopefully this can be resolved in conference -- and in the best interest of the public health. Read More & Comment...
But ...
The House version has some very dangerous language vis-a-vis advisory committee conflict of interest waivers. The House bill would only permit the FDA to grant one COI waiver per committee.
One? Why not two? Or three? What's the difference? After all, each adcomm member needs to be dealt with as a discreet case, yes?
We can't allow FDA adcomms to be made up of the second best and the almost brightest. Not ever.
Hopefully this can be resolved in conference -- and in the best interest of the public health. Read More & Comment...
06/22/2007 08:09 AM |
"Old Friends. Old Friends. Sat on a park bench like bookends ..."
You know the song. Now have a look at our latest podcast, "Saul & Freddy." They're two senior citizens (ages 86 and 90) who we interviewed about health care while they were enjoying a beautiful sunny day -- and each other's company -- in New York's Central Park.
Here's the link (look under the "Podcasts" section):
http://www.cmpi.org
They're older ... but wiser. And politicians and pundits would be wise to heed their words. Read More & Comment...
You know the song. Now have a look at our latest podcast, "Saul & Freddy." They're two senior citizens (ages 86 and 90) who we interviewed about health care while they were enjoying a beautiful sunny day -- and each other's company -- in New York's Central Park.
Here's the link (look under the "Podcasts" section):
http://www.cmpi.org
They're older ... but wiser. And politicians and pundits would be wise to heed their words. Read More & Comment...
06/21/2007 03:18 PM |
The New York Post's Sue Edelman reports that the Ground Zero responders Michael Moore took to Cuba because they couldn't get health care in America -- didn't get much care in Cuba.
Read here
Now the, er, inconvenient truth -- they were actually eligible for free health care under not one -- but at least three programs operating today.
The WTC Medical Monitoring and Treatment Program is a consortium of providers, including: Bellevue Hospital, Mt. Sinai Medical Center, Nassau County University Medical Center, Queens College Ground Zero Health Watch, SUNY-Stony Brook, UMDNJ-Robert Wood Johnson University Hospital, and other providers nationwide. Call (888) 702-0630 or (212) 241-1554, or visit www.wtcexams.org . Nearly 40 percent of the people being served by the program do NOT have health insurance and are receiving free care. Even if they worked for one day or a couple of hours at Ground Zero they are receiving care.
The Association of Occupational and Environmental Clinics (AOEC) is a non-profit organization that provides occupational health referrals in your area. Contact AOEC at 1010 Vermont Ave., NW #513, Washington, DC 20005, call (888) 347-2632 or (202) 347-4976, or www.aoec.org. New York State Occupational Health Clinic Network. For more information, contact your local occupational health clinic or the New York State Department of Health at (800) 458-1158, x7900 or (518) 402-7900, or visit www.health.state.ny.us/nysdoh/environ/occupate.htm .
We provide these links in the hopes that those in need get the care they deserve instead of the misinformation that will be fed to them in Sicko. Moore's movie does a disservice to the compassion and hard work of the caring professionals who actually improve the lives of 9-11 workers instead of exploiting them. Read More & Comment...
Read here
Now the, er, inconvenient truth -- they were actually eligible for free health care under not one -- but at least three programs operating today.
The WTC Medical Monitoring and Treatment Program is a consortium of providers, including: Bellevue Hospital, Mt. Sinai Medical Center, Nassau County University Medical Center, Queens College Ground Zero Health Watch, SUNY-Stony Brook, UMDNJ-Robert Wood Johnson University Hospital, and other providers nationwide. Call (888) 702-0630 or (212) 241-1554, or visit www.wtcexams.org . Nearly 40 percent of the people being served by the program do NOT have health insurance and are receiving free care. Even if they worked for one day or a couple of hours at Ground Zero they are receiving care.
The Association of Occupational and Environmental Clinics (AOEC) is a non-profit organization that provides occupational health referrals in your area. Contact AOEC at 1010 Vermont Ave., NW #513, Washington, DC 20005, call (888) 347-2632 or (202) 347-4976, or www.aoec.org. New York State Occupational Health Clinic Network. For more information, contact your local occupational health clinic or the New York State Department of Health at (800) 458-1158, x7900 or (518) 402-7900, or visit www.health.state.ny.us/nysdoh/environ/occupate.htm .
We provide these links in the hopes that those in need get the care they deserve instead of the misinformation that will be fed to them in Sicko. Moore's movie does a disservice to the compassion and hard work of the caring professionals who actually improve the lives of 9-11 workers instead of exploiting them. Read More & Comment...
06/21/2007 03:11 PM |
I just finished reading all of the testimony and MedPac's recommendations about a comparative effectiveness commission. By the time everything is set up and they appoint all the people to run the commission (no doubt the very people who recommended it's creation) personalized medicine will have become very, very real. Or more to the point, since personalized medicine means the right medicine for the right person at the right time, why aren't we investing and supporting that since that is where the science and our biological reality exists? See the following article from the NY Times on how personalized medicine will make comparative effectiveness useless. We need personalized evidence of personalized medicine:
http://www.nytimes.com/2007/06/19/health/psychology/19beha.html?ei=5088&en=8af3ca746369c4db&ex=1339905600&adxnnl=1&partner=rssnyt&emc=rss&adxnnlx=1182453053-RSDs6n8k6574ORFf9+woIw Read More & Comment...
http://www.nytimes.com/2007/06/19/health/psychology/19beha.html?ei=5088&en=8af3ca746369c4db&ex=1339905600&adxnnl=1&partner=rssnyt&emc=rss&adxnnlx=1182453053-RSDs6n8k6574ORFf9+woIw Read More & Comment...
06/21/2007 11:50 AM |
EMMA. If you liked the Cliff's Notes, you'll love the medical device.
FDA Clears 'Computerized Medication Box' for U.S. Market
The U.S. Food and Drug Administration has cleared for marketing the INRange Systems' Electronic Medication Management Assistant (EMMA), a programmable device that stores and dispenses prescription medication for patients' use in the home.
Essentially a computerized medication box, EMMA was designed to be used under the supervision of a licensed health care provider. EMMA can reduce drug identification and dosing errors, and allow health care professionals to monitor patient adherence to medication regimens in an outpatient setting. It may be especially useful for aging patients, as well as those with complex medication regimens such as patients with HIV.
"FDA's clearance of the INRange remote medication management system puts an important safety tool directly in the hands of patients and their health care providers," said Daniel Schultz, M.D., director of FDA's Center for Devices and Radiological Health. "It will help take away some of the confusion patients can experience when taking prescription medications, and allow care providers to more closely monitor their patients' medications between office visits."
A 2006 Institute of Medicine report estimated that medication errors harm at least 1.5 million people in the United States annually.
EMMA consists of a medication delivery unit and two-way communication software that allows a health care professional to remotely manage prescriptions stored and released by the patient-operated delivery unit. The delivery unit is about the size of a bread box and plugs into a standard power outlet.
EMMA stores prescription medications, emits an audible alert to the patient when the prescribed medications are scheduled to be taken, and releases them onto a delivery tray when activated by the patient at the appropriate time. It uses a Web-based application for a health care professional, such as a doctor or pharmacist, to remotely schedule or adjust a patient's prescribed medications, and provides the health care professional with a history of each time patients access their medications.
FDA reviewed safety and effectiveness information for EMMA under the "de novo" classification process. The ability to petition for "de novo" initial classification was added under the Food and Drug Administration Modernization Act of 1997 to establish an additional way for novel, but less risky, devices to get to market.
No surprises in every box. Read More & Comment...
FDA Clears 'Computerized Medication Box' for U.S. Market
The U.S. Food and Drug Administration has cleared for marketing the INRange Systems' Electronic Medication Management Assistant (EMMA), a programmable device that stores and dispenses prescription medication for patients' use in the home.
Essentially a computerized medication box, EMMA was designed to be used under the supervision of a licensed health care provider. EMMA can reduce drug identification and dosing errors, and allow health care professionals to monitor patient adherence to medication regimens in an outpatient setting. It may be especially useful for aging patients, as well as those with complex medication regimens such as patients with HIV.
"FDA's clearance of the INRange remote medication management system puts an important safety tool directly in the hands of patients and their health care providers," said Daniel Schultz, M.D., director of FDA's Center for Devices and Radiological Health. "It will help take away some of the confusion patients can experience when taking prescription medications, and allow care providers to more closely monitor their patients' medications between office visits."
A 2006 Institute of Medicine report estimated that medication errors harm at least 1.5 million people in the United States annually.
EMMA consists of a medication delivery unit and two-way communication software that allows a health care professional to remotely manage prescriptions stored and released by the patient-operated delivery unit. The delivery unit is about the size of a bread box and plugs into a standard power outlet.
EMMA stores prescription medications, emits an audible alert to the patient when the prescribed medications are scheduled to be taken, and releases them onto a delivery tray when activated by the patient at the appropriate time. It uses a Web-based application for a health care professional, such as a doctor or pharmacist, to remotely schedule or adjust a patient's prescribed medications, and provides the health care professional with a history of each time patients access their medications.
FDA reviewed safety and effectiveness information for EMMA under the "de novo" classification process. The ability to petition for "de novo" initial classification was added under the Food and Drug Administration Modernization Act of 1997 to establish an additional way for novel, but less risky, devices to get to market.
No surprises in every box. Read More & Comment...
06/21/2007 09:25 AM |
Nova Scotia became the first province Wednesday to unveil plans for a publicly funded vaccine to protect young girls from the human papilloma virus - the leading cause of cervical cancer.
The announcement came as obstetricians and gynecologists from across Canada warned that more young women will die from the disease unless other provinces and territories act quickly. The latest federal budget included $300 million for such programs, but Nova Scotia is the first province to introduce one.
"There was no reason for not moving ahead (with the program)," Dr. Robert Strang, the province's acting deputy chief medical officer, said Wednesday.
Here's the full story:
http://www.canada.com/nationalpost/story.html?id=589d7feb-aea4-4c97-866d-c4cec272a45d&k=65541 Read More & Comment...
The announcement came as obstetricians and gynecologists from across Canada warned that more young women will die from the disease unless other provinces and territories act quickly. The latest federal budget included $300 million for such programs, but Nova Scotia is the first province to introduce one.
"There was no reason for not moving ahead (with the program)," Dr. Robert Strang, the province's acting deputy chief medical officer, said Wednesday.
Here's the full story:
http://www.canada.com/nationalpost/story.html?id=589d7feb-aea4-4c97-866d-c4cec272a45d&k=65541 Read More & Comment...
06/21/2007 07:51 AM |
Why in the world would the Boston Globe run an op-ed by Lawrence Diller, whose unscientific views on ADHD and bi-polar disorder have now crystallized into an attack on Mass General's Joseph Biederman who, along with a handful of others, was able to steer child psychiatrists and pediatricians into an awareness of childhood manic depression. The Globe editorial accuses Biederman of being " morally culpable in providing the "science" that allowed Rebecca to die." Why not toss in dozens of others including CMPI board member Fred Goodwin who wrote the book on the treatment of bi-polar disorder, Herb Meltzer and others? I hear the black helicopters hovering in the background.
The Rebecca in question was given a fatal dose of clonodine by her parents. But Diller thinks it is the Biederman's fault. Why? Because he (and others) developed the standards " which include diagnosing preschool children as young as 2 with bipolar disorder and treating them with multiple medications."
How and why the Globe ran this cruel attack is beyond me. Biederman is a scholar and a caring, compassionate doctor. As for Diller's claim that of a "purported" diagnosis of bi-polar disorder, is there someone on the Globe editorial staff that is a closet Scientologist? Early onset bi-polar disorder has been clinicially documented, diagnosed and treated.
As the parent of a child who responded to the regimens developed by Biederman and others I can attest to it.
The Globe should be ashamed of itself for allowing it's reputation to be tarnished in this manner. As for Diller, he is beneath contempt and not worthy of further mention. Read More & Comment...
The Rebecca in question was given a fatal dose of clonodine by her parents. But Diller thinks it is the Biederman's fault. Why? Because he (and others) developed the standards " which include diagnosing preschool children as young as 2 with bipolar disorder and treating them with multiple medications."
How and why the Globe ran this cruel attack is beyond me. Biederman is a scholar and a caring, compassionate doctor. As for Diller's claim that of a "purported" diagnosis of bi-polar disorder, is there someone on the Globe editorial staff that is a closet Scientologist? Early onset bi-polar disorder has been clinicially documented, diagnosed and treated.
As the parent of a child who responded to the regimens developed by Biederman and others I can attest to it.
The Globe should be ashamed of itself for allowing it's reputation to be tarnished in this manner. As for Diller, he is beneath contempt and not worthy of further mention. Read More & Comment...
06/21/2007 07:23 AM |
Another example of how you get polls to say whatever you want based on how you phrase the question:
"Sixty-one percent of U.S. adults believe poorer countries should be allowed to break companies' patents on HIV/AIDS drugs if doing so would help them treat more of their population, according to a new poll.
When asked specifically about a recent move by Brazil to break the patent on an AIDS drug made by Merck & Co. and provide a generic version instead, 57% said they were in favor of the country's decision, while 20% said they were opposed, the Wall Street Journal Online/Harris Interactive health-care poll found."
Too bad people didn't know that Brazil spends more on their military than in on public health or more on their ag-bio programs than on their HIV programs.
http://online.wsj.com/article/SB118227672705940767-search.html?KEYWORDS=harris+interactive&COLLECTION=wsjie/6month Read More & Comment...
"Sixty-one percent of U.S. adults believe poorer countries should be allowed to break companies' patents on HIV/AIDS drugs if doing so would help them treat more of their population, according to a new poll.
When asked specifically about a recent move by Brazil to break the patent on an AIDS drug made by Merck & Co. and provide a generic version instead, 57% said they were in favor of the country's decision, while 20% said they were opposed, the Wall Street Journal Online/Harris Interactive health-care poll found."
Too bad people didn't know that Brazil spends more on their military than in on public health or more on their ag-bio programs than on their HIV programs.
http://online.wsj.com/article/SB118227672705940767-search.html?KEYWORDS=harris+interactive&COLLECTION=wsjie/6month Read More & Comment...
06/20/2007 03:49 PM |
Sicko director Michael Moore (read that however you choose) spends a lot of his movie showing how well-heeled UK docs are and how the NHS actually gives people cash to take cab rides back from the hospital.
For mo(o)re examples of just how great health care in Britain can be ... if and when you can find it ... consider this article from the Times of London:
SECRET NHS PLAN TO RATION PATIENT CARE
Read more here
Read More & Comment...
For mo(o)re examples of just how great health care in Britain can be ... if and when you can find it ... consider this article from the Times of London:
SECRET NHS PLAN TO RATION PATIENT CARE
Read more here
Read More & Comment...
06/20/2007 01:55 PM |
What do you call it when science makes a real medical breakthrough -- one that can save lives and money -- but insurance companies refuse to pay for it.
In this case, you can call it "Wednesday."
Here's the story as reported by the AP ...
A new study suggests thousands of young women with breast cancer — an estimated 8,000 a year in the United States — are not offered testing to identify faulty genes and clarify their medical decisions.
Guidelines used by insurance companies to decide coverage for genetic testing should change to reflect the findings, said an author of the study, Dr. Jeffrey N. Weitzel of City of Hope Comprehensive Cancer Center in Duarte, Calif. Testing can cost more than $3,000.
Here's the complete story:
http://www.nytimes.com/2007/06/20/health/20cancer.html?adxnnl=1&adnnlx=1182360649-+Sn64+pi/6oXjTGlb3il5g
And for those who are calling for "comparative effectiveness" or "evidence-based medicine," or healthcare technology assessment" consider this -- isn't a genetic test that gets the right treatment to the right patient as early as possible the best way to lower costs and improve outcomes?
But that would require long-term thinking.
Why isn't Mr. Waxman calling a hearing on this?
(Do more women have to die of breast cancer than died on 9-11 for him to be interested.) Read More & Comment...
In this case, you can call it "Wednesday."
Here's the story as reported by the AP ...
A new study suggests thousands of young women with breast cancer — an estimated 8,000 a year in the United States — are not offered testing to identify faulty genes and clarify their medical decisions.
Guidelines used by insurance companies to decide coverage for genetic testing should change to reflect the findings, said an author of the study, Dr. Jeffrey N. Weitzel of City of Hope Comprehensive Cancer Center in Duarte, Calif. Testing can cost more than $3,000.
Here's the complete story:
http://www.nytimes.com/2007/06/20/health/20cancer.html?adxnnl=1&adnnlx=1182360649-+Sn64+pi/6oXjTGlb3il5g
And for those who are calling for "comparative effectiveness" or "evidence-based medicine," or healthcare technology assessment" consider this -- isn't a genetic test that gets the right treatment to the right patient as early as possible the best way to lower costs and improve outcomes?
But that would require long-term thinking.
Why isn't Mr. Waxman calling a hearing on this?
(Do more women have to die of breast cancer than died on 9-11 for him to be interested.) Read More & Comment...
06/20/2007 08:03 AM |
We've never understood the theory behind a time-specific ban on advertising for newly approved medicines -- because we've never understood how less information makes any medicine safer.
So we're glad that such clearly political moves were resoundingly defeated in yesterday's Energy and Commerce mark-up. Bad for partisan politicians. Good for the public health.
According to Reuters, "Legislation meant to improve the government's drug safety oversight cleared a U.S. House of Representatives subcommittee on Tuesday without a controversial limit on television advertisements. Lawmakers removed language that would have allowed the health secretary to ban TV commercials for a new drug for up to three years if necessary to protect the public health.
Instead, members voted 23-9 to give the U.S. Food and Drug Administration power to fine companies $250,000 for running a false or misleading advertisement aimed at consumers.
Backers of that approach, written by New York Democratic Rep. Edolphus Towns, said an advertising ban would have violated constitutional protections of free speech.
I don't like the drug ads on television late at night .... They bug me. But I also recognize that sometimes things that bug me are protected under the Constitution, said Rep. Heather Wilson, a New Mexico Republican"
Ah, sanity. Read More & Comment...
So we're glad that such clearly political moves were resoundingly defeated in yesterday's Energy and Commerce mark-up. Bad for partisan politicians. Good for the public health.
According to Reuters, "Legislation meant to improve the government's drug safety oversight cleared a U.S. House of Representatives subcommittee on Tuesday without a controversial limit on television advertisements. Lawmakers removed language that would have allowed the health secretary to ban TV commercials for a new drug for up to three years if necessary to protect the public health.
Instead, members voted 23-9 to give the U.S. Food and Drug Administration power to fine companies $250,000 for running a false or misleading advertisement aimed at consumers.
Backers of that approach, written by New York Democratic Rep. Edolphus Towns, said an advertising ban would have violated constitutional protections of free speech.
I don't like the drug ads on television late at night .... They bug me. But I also recognize that sometimes things that bug me are protected under the Constitution, said Rep. Heather Wilson, a New Mexico Republican"
Ah, sanity. Read More & Comment...
06/19/2007 08:28 AM |
As reported by the Associated Press, a group made up of U.S. chief executives, labor unions and other business organizations on Monday called on companies to stop providing quarterly earnings guidance to Wall Street.
The coalition, led by the non-profit Aspen Institute, contends that hedge funds are using earnings guidance as a way to turn a quick profit. Earnings projections were originally intended to give long-term investors a snapshot of the company's health, and not as a tool for short-term buying or selling, according to the coalition. The initiative - called "The Aspen Principles" - has been supported by the AFL-CIO, the largest union federation, and companies like PepsiCo Inc. and Pfizer Inc.
Companies have been accused of being so caught up in quarterly numbers, that they neglect the long term. And, those that miss their guided earnings are often punished by Wall Street - with investors, especially hedge funds, making money on the share prices' swings.
Here’s a link to the full story:
http://www.forbes.com/feeds/ap/2007/06/18/ap3832602.html
Amen. When “long-term thinking†means the end of the quarter rather than the end of the quarter century more important things than investments suffer – things like the public health suffer. Read More & Comment...
The coalition, led by the non-profit Aspen Institute, contends that hedge funds are using earnings guidance as a way to turn a quick profit. Earnings projections were originally intended to give long-term investors a snapshot of the company's health, and not as a tool for short-term buying or selling, according to the coalition. The initiative - called "The Aspen Principles" - has been supported by the AFL-CIO, the largest union federation, and companies like PepsiCo Inc. and Pfizer Inc.
Companies have been accused of being so caught up in quarterly numbers, that they neglect the long term. And, those that miss their guided earnings are often punished by Wall Street - with investors, especially hedge funds, making money on the share prices' swings.
Here’s a link to the full story:
http://www.forbes.com/feeds/ap/2007/06/18/ap3832602.html
Amen. When “long-term thinking†means the end of the quarter rather than the end of the quarter century more important things than investments suffer – things like the public health suffer. Read More & Comment...
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