The Corruption in Medical industry during COVID-19
The pandemic had hit the world like halley's comet hitting while coming with lots of destruction to world but some of the business industries are showered by its light & they are sparkling right now One of them is Medical Industry.It had outperformed NIFTY index by 28% while US had also seen peak in it.
A small San Francisco pharma company Vaxart made big announcement that its vaccine has been selected by US Operation Warp.This news elevated the shares market value three times to $30 billion
According to the analysis of Transparency international in 2019 health sector had to bear $455 billion per year loss because of corruption. But the game had come to a war-front by the dirty playing of the manipulators & corrupt players audits of international development spending stated that funds for health and awareness raising efforts were fraudulently documented During Ebola outbreak . Approximately 5% of amount of disbursement was lost.
* In Europe the Contract for supply of face mask to Govt had been given to an Agricultural company.
* In Germany individuals pretending to be health personnel supplying covid test kits reported in Berlin.
* While corona was diffusing its roots in world some of the US Supreme Persons were busy in transferring their investments from travel to biotech companies means they were all well aware of the danger of corona monster but still assuring people while secretly ensuring their profit hence pushing people's health at stake for insider trading.
* In Iran a vicious network of people manipulating the price & distribution of necessary items to respond to COVID-19 were reported.
* Whereas 6 million face masks were found missing at Kenya airport ordered by Germany for which investigations are going.
* However Zimbabwe's health minister Obadiah Mayo enter into a multi million dollar deal for supplying COVID-19 testing kits,drugs& personal protection equipment with a shadowy company & approved over-blowned prices in which, even face mask costs$28 each at ill times where country is already facing 750% inflation & acute economic crises.
* While high offices in Argentina,panama,Rio De Janeiro & Columbia etc were charged for corruption Well u will feel shocked to know 14 out of 32 governors in Columbia are facing corruption charges while panama's president and vice president also joined the team and accused of corruption.
* While Bolivia's health minister doesn't seems lagging behind in corruption as he was arrested procuring 170 ventilators at 430% inflated price from the funds provided by Inter -American Development Bank .The ventilators were purchased at $6500 per unit from Spain while supplied to Govt at $28000 per unit.
* In India BMC a Mumbai Civic Agency facing allegations for procuring body bags & medical equipment's at inflated price.
The article on 22 May shaked the world titled 'Hydroxychloroquine or Chloroquine with or without a microlide for treatment of COVID-19 : a multinational registry analysis
that claimed HCQ was not only ineffective for COVID-19 patients but also boosting the risks of deaths & this news bursted like volcano in the world as it was perilious & after that what happened? BOOM all the medical trials were paused even WHO without its own investigations plug out its Global clinical trials of HCQ as it was from an eminent peer reviewed medical journal The Lancent written by Prof Mandeep Mehra, Sapan S. Desai, Prof Frank Ruschitza, Amit N Patel
The study said it was based on data analysis of 96,000 COVID-19 patients hospitalized between 20 Dec 2019 - 14 April 2020 from 671 hospitals worldwide as per data provided by Surgisphere.
But the myth balloons were bursted when guardian Australia revealed that Australian data in study published didn't reconcile with health department records. More than 120 researchers & medical professionals around the world have written an open letter about questioning about the studies to the editor of Lancent .
Considering the questions on authenticity of report,The Lancent issued an expression of concern on 3 June 2020 and launched review and independent audit of study to evaluate the origination of the database elements, to confirm the completeness of the database, and to replicate the analyses presented in the paper with the consent of Sapan Desai.
But Surgisphere denied to share full data set client contracts & full ISO audit report for evaluation as such transfer would violate client agreements and confidentiality requirements.
So On June 5 the article was retracted on the grounds that Surgisphere was not able to provide data and they were not able to conduct independent peer review & audit.
Another research paper from The NEW ENGLAND JOURNAL of MEDICINE which published on 1st May as ' Cardiovascular Disease,Drug Therapy and mortality in COVID-19'
by Mandeep R. Mehra, Sapan S. Desai, Sre Ram Kuy, Timonthy D. Henry in which study confirmed previous observations suggesting that underlying cardiovascular disease is associated with an increased risk of in-hospital death among patients hospitalized with Covid-19. results did not confirm previous concerns regarding a potential harmful association of ACE inhibitors or ARBs with in-hospital death in this clinical context. Hence reassures ACE inhibitors and ARBs are not associated with an increased risk of in-hospital mortality among hospitalized COVID-19 patients.
This article was retracted on the ground primary data sources were not validated.
** The research paper's primary data source & methods of collections should be disclosed to publishing and it should be checked by them.
** The authenticity of company providing data should be cross-examined.
** If in future COVID-19 Vaccine developed the cross screening of manufacturing ,supply & prices should be done & controlled.
** In case of any govt & private company contract which is effecting public at large So,proper information should be disclosed about the material facts and parties dealing with it.
** Doctors should have records of all med prescribed to each patient in case of unnecessary prescriptions they should be answerable.
** The details of expenditure of Funds allotted to NGO or To Govt or by Govt should be publicized with receipt and purchase order.
References
https://www.statnews.com/2020/07/02/pharma-companies-need-extra-anti-corruption-vigilance-during-a-pandemic/
https://corporate.cyrilamarchandblogs.com/2020/03/covid-19-a-lot-done-more-needs-to-be-done/
https://www.u4.no/publications/corruption-in-the-time-of-covid-19-a-double-threat-for-low-income-countries
https://www.nature.com/articles/d41586-020-01911-7
https://theintercept.com/2020/03/13/big-pharma-drug-pricing-coronavirus-profits/
https://m.economictimes.com/industry/healthcare/biotech/pharmaceuticals/covid-19-no-near-term-threat-to-pharma-cos-credit-profile/articleshow/74596562.cms
https://www.devdiscourse.com/article/law-order/1108223-covid-19-seems-cooking-biggest-ever-global-scam
https://www.nationalheraldindia.com/india/will-covid-19-make-pharmaceutical-industry-sharks-to-look-beyond-profit
A small San Francisco pharma company Vaxart made big announcement that its vaccine has been selected by US Operation Warp.This news elevated the shares market value three times to $30 billion
According to the analysis of Transparency international in 2019 health sector had to bear $455 billion per year loss because of corruption. But the game had come to a war-front by the dirty playing of the manipulators & corrupt players audits of international development spending stated that funds for health and awareness raising efforts were fraudulently documented During Ebola outbreak . Approximately 5% of amount of disbursement was lost.
Well, this is the data before COVID-19 but do you wanna know what these sharks had done in Covid ? lets dive deep to see the dark sea of corruption You will be astonished to know that :
* In Europe the Contract for supply of face mask to Govt had been given to an Agricultural company.
* In Germany individuals pretending to be health personnel supplying covid test kits reported in Berlin.
* While corona was diffusing its roots in world some of the US Supreme Persons were busy in transferring their investments from travel to biotech companies means they were all well aware of the danger of corona monster but still assuring people while secretly ensuring their profit hence pushing people's health at stake for insider trading.
* In Iran a vicious network of people manipulating the price & distribution of necessary items to respond to COVID-19 were reported.
* Whereas 6 million face masks were found missing at Kenya airport ordered by Germany for which investigations are going.
* However Zimbabwe's health minister Obadiah Mayo enter into a multi million dollar deal for supplying COVID-19 testing kits,drugs& personal protection equipment with a shadowy company & approved over-blowned prices in which, even face mask costs$28 each at ill times where country is already facing 750% inflation & acute economic crises.
* While high offices in Argentina,panama,Rio De Janeiro & Columbia etc were charged for corruption Well u will feel shocked to know 14 out of 32 governors in Columbia are facing corruption charges while panama's president and vice president also joined the team and accused of corruption.
* While Bolivia's health minister doesn't seems lagging behind in corruption as he was arrested procuring 170 ventilators at 430% inflated price from the funds provided by Inter -American Development Bank .The ventilators were purchased at $6500 per unit from Spain while supplied to Govt at $28000 per unit.
* In India BMC a Mumbai Civic Agency facing allegations for procuring body bags & medical equipment's at inflated price.
The Big Scandal of COVID-19
Are you feeling disgusted to see such acts ? Well,a big scandal of medicine research is waiting for you to know & blow your mind ! While HCQ (an anti malarial drug)was strongly promoted by Donald Trumph for COVID-19 patientsThe article on 22 May shaked the world titled 'Hydroxychloroquine or Chloroquine with or without a microlide for treatment of COVID-19 : a multinational registry analysis
that claimed HCQ was not only ineffective for COVID-19 patients but also boosting the risks of deaths & this news bursted like volcano in the world as it was perilious & after that what happened? BOOM all the medical trials were paused even WHO without its own investigations plug out its Global clinical trials of HCQ as it was from an eminent peer reviewed medical journal The Lancent written by Prof Mandeep Mehra, Sapan S. Desai, Prof Frank Ruschitza, Amit N Patel
The study said it was based on data analysis of 96,000 COVID-19 patients hospitalized between 20 Dec 2019 - 14 April 2020 from 671 hospitals worldwide as per data provided by Surgisphere.
But the myth balloons were bursted when guardian Australia revealed that Australian data in study published didn't reconcile with health department records. More than 120 researchers & medical professionals around the world have written an open letter about questioning about the studies to the editor of Lancent .
Considering the questions on authenticity of report,The Lancent issued an expression of concern on 3 June 2020 and launched review and independent audit of study to evaluate the origination of the database elements, to confirm the completeness of the database, and to replicate the analyses presented in the paper with the consent of Sapan Desai.
But Surgisphere denied to share full data set client contracts & full ISO audit report for evaluation as such transfer would violate client agreements and confidentiality requirements.
So On June 5 the article was retracted on the grounds that Surgisphere was not able to provide data and they were not able to conduct independent peer review & audit.
Another research paper from The NEW ENGLAND JOURNAL of MEDICINE which published on 1st May as ' Cardiovascular Disease,Drug Therapy and mortality in COVID-19'
by Mandeep R. Mehra, Sapan S. Desai, Sre Ram Kuy, Timonthy D. Henry in which study confirmed previous observations suggesting that underlying cardiovascular disease is associated with an increased risk of in-hospital death among patients hospitalized with Covid-19. results did not confirm previous concerns regarding a potential harmful association of ACE inhibitors or ARBs with in-hospital death in this clinical context. Hence reassures ACE inhibitors and ARBs are not associated with an increased risk of in-hospital mortality among hospitalized COVID-19 patients.
This article was retracted on the ground primary data sources were not validated.
Suggestions
These incidents in the time of COVID-19 is really crucial & also bumping many questions about authenticity & breach of trust .The medical industry is directed related with public health and these malpractices are putting the life of people at risk so what can be done ? Let's discuss-** The research paper's primary data source & methods of collections should be disclosed to publishing and it should be checked by them.
** The authenticity of company providing data should be cross-examined.
** If in future COVID-19 Vaccine developed the cross screening of manufacturing ,supply & prices should be done & controlled.
** In case of any govt & private company contract which is effecting public at large So,proper information should be disclosed about the material facts and parties dealing with it.
** Doctors should have records of all med prescribed to each patient in case of unnecessary prescriptions they should be answerable.
** The details of expenditure of Funds allotted to NGO or To Govt or by Govt should be publicized with receipt and purchase order.
Summary
To sum up, I would like to say that if we will be able to plug the holes that are draining the possibilities the future is waiting for new era of medical industry full of technology & innovations.References
https://www.statnews.com/2020/07/02/pharma-companies-need-extra-anti-corruption-vigilance-during-a-pandemic/
https://corporate.cyrilamarchandblogs.com/2020/03/covid-19-a-lot-done-more-needs-to-be-done/
https://www.u4.no/publications/corruption-in-the-time-of-covid-19-a-double-threat-for-low-income-countries
https://www.nature.com/articles/d41586-020-01911-7
https://theintercept.com/2020/03/13/big-pharma-drug-pricing-coronavirus-profits/
https://m.economictimes.com/industry/healthcare/biotech/pharmaceuticals/covid-19-no-near-term-threat-to-pharma-cos-credit-profile/articleshow/74596562.cms
https://www.devdiscourse.com/article/law-order/1108223-covid-19-seems-cooking-biggest-ever-global-scam
https://www.nationalheraldindia.com/india/will-covid-19-make-pharmaceutical-industry-sharks-to-look-beyond-profit
This is very informative🤞🏽hope the scandals to stop🙏
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