The Truth About the Drug Companies (Hardcover)
How They Deceive Us and What to Do About It
Random House, 9780375508462, 336pp.
Publication Date: August 24, 2004
During her two decades at The New England Journal of Medicine, Dr. Marcia Angell had a front-row seat on the appalling spectacle of the pharmaceutical industry. She watched drug companies stray from their original mission of discovering and manufacturing useful drugs and instead become vast marketing machines with unprecedented control over their own fortunes. She saw them gain nearly limitless influence over medical research, education, and how doctors do their jobs. She sympathized as the American public, particularly the elderly, struggled and increasingly failed to meet spiraling prescription drug prices. Now, in this bold, hard-hitting new book, Dr. Angell exposes the shocking truth of what the pharmaceutical industry has become–and argues for essential, long-overdue change.
Currently Americans spend a staggering $200 billion each year on prescription drugs. As Dr. Angell powerfully demonstrates, claims that high drug prices are necessary to fund research and development are unfounded: The truth is that drug companies funnel the bulk of their resources into the marketing of products of dubious benefit. Meanwhile, as profits soar, the companies brazenly use their wealth and power to push their agenda through Congress, the FDA, and academic medical centers.
Zeroing in on hugely successful drugs like AZT (the first drug to treat HIV/AIDS), Taxol (the best-selling cancer drug in history), and the blockbuster allergy drug Claritin, Dr. Angell demonstrates exactly how new products are brought to market. Drug companies, she shows, routinely rely on publicly funded institutions for their basic research; they rig clinical trials to make their products look better than they are; and they use their legions of lawyers to stretch out government-granted exclusive marketing rights for years. They also flood the market with copycat drugs that cost a lot more than the drugs they mimic but are no more effective.
The American pharmaceutical industry needs to be saved, mainly from itself, and Dr. Angell proposes a program of vital reforms, which includes restoring impartiality to clinical research and severing the ties between drug companies and medical education. Written with fierce passion and substantiated with in-depth research, The Truth About the Drug Companies is a searing indictment of an industry that has spun out of control.
Praise For The Truth About the Drug Companies: How They Deceive Us and What to Do About It…
“Dr. Angell’s case is tough, persuasive, and troubling.”
—The New York Times
“In what should serve as the Fast Food Nation of the drug industry, Angell… presents a searing indictment of ‘big pharma’ as corrupt and corrupting.”
“The Truth About the Drug Companies is a sober, clear-eyed attack on the excesses of drug company power… a lucid, persuasive, and highly important book.”
—The Boston Sunday Globe
“Her prose is clear and readable… Angell does an excellent job [making] a convincing case against Big Pharma.”
“If you’ve ever suffered prescription drug sticker shock, Dr. Marcia Angell’s The Truth About the Drug Companies is the book for you.”
“In-depth and insightful”
—Rocky Mountain News
“Put your money on Angell. We need to know why drugs cost what they do, and we need to know how our physicians choose the drugs they give us.”
—St. Louis Post Dispatch
“Engaging and well-written”
—San Antonio Express-News
"Pharamceutical companies will need a new miracle pain reliever after the whipping they receive from Marcia Angell in her book….a starting point for serious discussion."
--The Hartford Courant
"If informed criticism contains the sharpest stings, author Marcia Angell's jolting indictument of 'Big Pharma' might just be enough to pierce the beast's hide."
--Minneapolis Star Tribune