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Thread: Glaxo threatens govt's with "unintended consequences"

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    Default Glaxo threatens govt's with "unintended consequences"

    Glaxo threatens Govts with 'unintended consequences' | BreakingNews.ie

    Glaxo has threatened governments across europe who are looking to cut medical expenses that there may be "unitended" consequences

    Another example of a large multinational company holding a gun to governments head

    The power these companies have, the monopoly they enjoy is too large

    We are trying to cut are expenses and these companies forecast "unintended consequences", whether they be job losses, business going elsewhere to set up etc

    These companies and the lobbyists/economic adivsors are however more than happy for "reforms" to occur elsewhere in the economy as long as it doesnt affect their profits

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    Gimpanzee
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    How is that a threat? Looks like a warning, not a threat.

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    Politics.ie Member wombat's Avatar
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    The main danger with cutting the profits of pharma companies is that they will cut back on research. There is already a tendency among the majors to acquire smaller companies rather than develop products from scratch
    Beer is proof that God loves us - Benjamin Franklin

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    Quote Originally Posted by wombat View Post
    The main danger with cutting the profits of pharma companies is that they will cut back on research. There is already a tendency among the majors to acquire smaller companies rather than develop products from scratch
    Or buy a big one, like Pfizer "merged"with Wyeth.....

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    Politics.ie Member stopdoingstuff's Avatar
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    Tough luck for them- the health service is not supposed to be run for them.

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    Quote Originally Posted by Gimpanzee View Post
    How is that a threat? Looks like a warning, not a threat.
    It's a threat disguised as a warning.
    A few weeks before my grandfather died, he started dipping his feet in a bucket of lard.
    He went downhill very fast after that.

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    Politics.ie Member wombat's Avatar
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    Quote Originally Posted by stopdoingstuff View Post
    Tough luck for them- the health service is not supposed to be run for them.
    Unfortunately, they are the ones who develop the new treatments, if it becomes less profitable, they will spend less.
    Beer is proof that God loves us - Benjamin Franklin

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    Politics.ie Member ManOfReason's Avatar
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    Quote Originally Posted by stopdoingstuff View Post
    Tough luck for them- the health service is not supposed to be run for them.
    Yes, they should know the health service is there for the benefit of consultants, pharmacists, nurses, porters and paper shufflers.
    Clicking an ad a day keeps Politics.ie in business.

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    Quote Originally Posted by wombat View Post
    The main danger with cutting the profits of pharma companies is that they will cut back on research. There is already a tendency among the majors to acquire smaller companies rather than develop products from scratch
    But is their sustainability not dependant on having a new stream of patents coming along all the time? If they come to depend excessively on generics they won't last long.

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    Politics.ie Member dizillusioned's Avatar
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    Quote Originally Posted by stopdoingstuff View Post
    Tough luck for them- the health service is not supposed to be run for them.
    Unfortunately, it is. Funny everyone was giving out about Pharmacists yet the high prices "negotiated" by Mary Harney persisted. Multinationas know they hold the cards and can make governments do anything, that is the joy of being that big. Our health budgets are run for these companies to maximise profit.

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