Swine Flu Bonanza For Some: Pharmaceutical Stocks Up
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New York Stock Exchange BuildingPosted by: Ross1776New York Stock Exchange Building. Photo: Creative Commons
There is one sector of the economy on a boom since the outbreak of the Swine Flu "pandemic," and that is the pharmaceutical industry.
In a published report in Global Research, it appears that there are two anti-viral drugs used to treat swine flu, and other flu related cases. Those drugs are Tamiflu and Relenza.
Tamiflu is manufactured by the Swiss pharmaceutical giant Hoffman-La Roche under a contract with a US based biotech company Gilead Sciences, Inc. Gilead Sciences holds the intellectual property rights and patent for the drug.
As announced by Janet Napolitano, Secretary of Homeland Security, the U.S. stockpiles of the drug have been released to the States of California, New York and Kansas. The stockpiles were provided to the federal government by the U.N.
It goes without saying that many members of Congress and those on the Hill are heavily invested in the pharmaceutical industry, either directly or indirectly. Donald Rumsfeld apparently is a major shareholder of Gilead stock.
You can view a copy of Global Research's article at:
http://www.globalresearch.ca/index.php?c
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Post a Comment Comments: 4
see, exactly the biggest winner.
It appears that global threats such as these are what is used to "stimulate" the economy by the powers that be. More lives in Arizona (over 10,000) have been lost due to the border situation, while Napolitano clicks her heals like Dorothy the minute the WHO sends up the alert. Swine flu has taken less lives than ecoli, rabies, and many other animal transmitted diseases.
This is purely for economic gains of the pharmaceutical industries, I believe, since many in America who are now unemployed also have lost their health benefits, so this greedly little industry is suffering also.
This is purely for economic gains of the pharmaceutical industries, I believe, since many in America who are now unemployed also have lost their health benefits, so this greedly little industry is suffering also.
Maybe they could work on AIDS, rabies and ecoli, which have taken far, far more lives.
In fact, I believe there is already a cure for AIDs, and they are waiting for the patents to expires in 2017 in order to either release it, or keep it under wraps until they can milk the public also of as much money as possible for their drugs for the symptoms.
Unlike in the past, these major corpoations own the patents on those drugs, not the scientists who actually many times are in the field in order to help mankind - whereas the Boards of Directors of these pharmaceuticals are merely in it for the bucks and for the shareholders.
Sad, but capitalism in this industry has actually made disease itself merely a means to an end. And the two pharmaceutical companies that "discovered" the drug Inferon, which is used to treat the symptoms of AIDs, kept a lawsuit going for over 10 years in order to extend the intellectual property patent - since they are only issued for limited periods. It was a legal trick, with the public and those suffering from AIDs the ultimate victims.
In fact, I believe there is already a cure for AIDs, and they are waiting for the patents to expires in 2017 in order to either release it, or keep it under wraps until they can milk the public also of as much money as possible for their drugs for the symptoms.
Unlike in the past, these major corpoations own the patents on those drugs, not the scientists who actually many times are in the field in order to help mankind - whereas the Boards of Directors of these pharmaceuticals are merely in it for the bucks and for the shareholders.
Sad, but capitalism in this industry has actually made disease itself merely a means to an end. And the two pharmaceutical companies that "discovered" the drug Inferon, which is used to treat the symptoms of AIDs, kept a lawsuit going for over 10 years in order to extend the intellectual property patent - since they are only issued for limited periods. It was a legal trick, with the public and those suffering from AIDs the ultimate victims.
Reported by Ross1776
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