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Call To Discernment

Calling Christians to Biblical Christianity. Christians must have discernment in all areas of life in this end time of deception, realizing also that American leadership of both political parties are leading us into the New World Order of the coming antichrist. Do not be conformed to this world. Rom. 12:2. Expose the deeds of darkness. Eph. 5:11. "He that is not zealous against error, is not likely to be zealous for truth." J.C. Ryle ----- [NEW AND IMPROVED BLOG UNDER CONSTRUCTION] 

November 25, 2015

11:28 AM - Big Pharma Becomes Mega Pharma

Money and power of that magnitude will have an even greater influence within the FDA. Expect increasing assault on health freedom.

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In Biggest Tax Evasion Scheme of Its Kind, Big Pharma Becomes Behemoth

Big Pharma just became Huge Pharma.

Creating the world's largest drugmaker—and paving the way for higher pharmaceutical prices—Viagra-maker Pfizer Inc. and Allergan PLC, which manufactures Botox, said Monday that they would merge in a so-called inversion deal worth up to about $155 billion.

The takeover "would be the largest inversion ever," according to the Wall Street Journal, allowing Pfizer to profit from a lower corporate tax rate in Allergan's home country of Ireland.

The LA Times reported that the deal "is likely to fuel critics' concerns that consumers would pay even more for drugs as competition declines among manufacturers, insurers and retailers."

As Gustav Ando, research director for the business information and consulting company IHS Life Sciences, told the Washington Post: "This merger isn't meant to benefit patients, it isn't meant to innovate in any kind of way...and certainly the benefits won't be passed on to consumers."

Addressing this aspect of the deal, presidential candidate and U.S. Sen. Bernie Sanders (I-Vt.) said Monday that the merger "would be a disaster for American consumers who already pay the highest prices in the world for prescription drugs."

What's more, Sanders added, "it also would allow another major American corporation to hide its profits overseas."

Continued
http://www.commondreams.org/news/2015/11/23/biggest-tax-evasion-scheme-its-kind-big-pharma-becomes-behemoth

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