European and US pharmaceutical stocks fell sharply, sustaining a sell-off in the sector prompted by fears that a Democrat-controlled Congress would push to lower drug prices.
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My issue is Zyprexa which is only FDA approved for schizophrenia (.5-1% of pop) and some bipolar (2% pop) and then an even smaller percentage of theses two groups.
So how does Zyprexa get to be the 7th largest drug sale in the world?
Eli Lilly is in deep trouble for using their drug reps to 'encourage' doctors to write zyprexa for non-FDA approved 'off label' uses.
The drug causes increased diabetes risk,and Medicare picks up all the expensive fallout.There are now 7 states (and counting) going after Lilly for fraud and restitution.
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Daniel Haszard
Posted by: Daniel Haszard | November 11, 2006 at 10:11 AM