A bill to create a government run pharmaceutial company has passed the Senate subcommittee and is headed for vote.
Instead of merely regulating drug companies, the Revitalization Act (S1082) would allow the government to gain direct profits from selling drugs under the label of a non-profit agency.
The new company, the Reagan-Udall Foundation for the Food and Drug Adminstration, would be operated by FDA officials and put them in direct contact with the private industries that control drugs, foods, and cosmetics.
The bill is being attached to a renewal of the Prescription Drug User Fee Act (PDUFA) which already “allows Big Pharma to pay the FDA fees to speed the approval of its drugs. The new…bill will increase these FDA bribes to 380 million dollars in 2008, well over 50% of the FDA budget for new drug approvals.”