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New study: 85% of Big Pharma's new drugs are "lemons" and pose health risks to users

Wed, 08/18/2010 - 13:30 — Dave Culver
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According to Donald Light, Ph.D., a professor of comparative health policy at the University of Medicine and Dentistry of New Jersey who authored the study, the pharmaceutical industry is a "market for lemons" and Big Pharma spends a fortune to sell those lemons to the public.
This Is Your Country on Drugs

Sherry Baker, Natural News

For years, natural health proponents have been sounding the alarm about the dangers of new drugs being pushed on consumers. But is that a one-sided, inaccurate view? Not at all. In fact, new research now shows the problems with Big Pharma's hugely hyped medications are far worse than most people have even dreamed. Independent reviewers found that about 85 percent of new drugs offer few if any new benefits -- but they carry the risk of causing serious harm to users.

According to Donald Light, Ph.D., a professor of comparative health policy at the University of Medicine and Dentistry of New Jersey who authored the study, the pharmaceutical industry is a "market for lemons" and Big Pharma spends a fortune to sell those lemons to the public.

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Related:

This Is Your Country on Drugs, George Kenney, In These Times
Melody Petersen talks about how we’re hooked on Big Pharma. She has been writing about the pharmaceutical industry for more than 10 years, including as a staff reporter for the New York Times. Her recent book, Our Daily Meds: How the Pharmaceutical Companies Transformed Themselves into Slick Marketing Machines and Hooked the Nation on Prescription Drugs (Farrar, Straus and Giroux, 2008), should be required reading for anyone who’s serious about healthcare reform.

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