Friday, October 26, 2012

Big Pharma Profits Again

Pfizer, Bayer and Johnson & Johnson are facing three class action legal suits about the expiration dates they put on their medicines. Both Harvard Medical School and Johns Hopkins University research shows those medications “are safe and effective long after the expiration date.”

Pfizer, Bayer and J&J “earn billions annually from the expiration date scheme” according to the suits. The drug giants are accused of using "unconscionable, unfair, deceptive, unethical and illegal" methods to get consumers to throw away their products when expiration date has passed, though the companies know "that if stored properly these medications can and do remain chemically stable, safe and effective long after those dates...The purpose behind this scheme is to increase defendant's sales and profits because consumers have to purchase replacement medications for those they have thrown out," the complaint states. The claim is that the defendants earn billions annually from the expiration date scheme.        

The expiration date on a drug does stand for something, but probably not what you think it does. Since a law was passed in 1979, drug manufacturers are required to stamp an expiration date on their products. This is the date at which the manufacturer can still guarantee the full potency and safety of the drug.

Most of what is known about drug expiration dates comes from a study conducted by the Food and Drug Administration at the request of the military. With a large and expensive stockpile of drugs, the military faced tossing out and replacing its drugs every few years. What they found from the study is 90% of more than 100 drugs, both prescription and over-the-counter, were perfectly good to use even 15 years after the expiration date.

One study of 122 different drug products found that 88% of the medications it tested were still good at least one year after the expiration date, and that this stability period averaged 66 months beyond the expiration date. So the expiration date doesn't really indicate a point at which the medication is no longer effective or has become unsafe to use. Medical authorities state expired drugs are safe to take, even those that expired years ago. It's true the effectiveness of a drug may decrease over time, but much of the original potency still remains even a decade after the expiration date.

Is the expiration date a marketing ploy by drug manufacturers, to keep you restocking your medicine cabinet and their pockets regularly? You can look at it that way.

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