Cancer drugs are the most profitable for Big Pharma

In 2018, cancer drugs earned the pharmaceutical industry $123.8 billion. Soon, they'll be worth billions more.

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  • A recent report from Evaluate shows oncological therapies were the most profitable in 2018.
  • The report projects cancer drug sales to nearly double by 2024, pocketing a tidy $236.6 billion in profit.
  • These projections come at a time when 42 percent of cancer patients lose their life savings to afford treatment.
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MDMA and Ayahuasca in Ritual and Therapy

Dr. Charles Grob was the first researcher granted FDA approval to study these drugs.

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  • Dr. Charles Grob began clinically studying ayahuasca and MDMA in the nineties, the first researcher to be granted FDA approval.
  • Grob has also conducted studies on psilocybin and end-of-life care, which garnered great results.
  • The future of psychedelics research is moving quickly thanks in large part to Grob's decades of clinical work.
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Legalized marijuana linked to lower opioid abuse; death rates

A new study analyzed more than 1.5 billion opioid prescriptions over eight years.

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  • A new study analyzed over 1.5 billion opioid prescriptions between 2011 and 2018.
  • Researchers discovered opioid prescription reductions of 11.8 percent and 4.2 percent in states that passed recreational and medical cannabis laws.
  • The U.S. government needs to reschedule cannabis because researchers believe it has therapeutic value.
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Illinois set to approve insulin price cap of $100 for month supply

The move reflects a broader nationwide effort to lower prices of the life-saving drug.

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  • Some 30 million Americans have diabetes and must take insulin, but about 25 percent of them can't routinely afford the drug.
  • In recent decades, the cost of insulin has skyrocketed, partly because only three companies make insulin in the U.S.
  • There's some indication that recent efforts to make insulin more affordable are picking up steam.
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Imprisonment: Doctor who illegally prescribed 500,000 doses of opioids to serve 40 years

Dr. Joel Smithers was recently sentenced to decades in prison for the numerous illegal prescriptions he gave out.

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  • According to law enforcement officials, every individual who visited Smithers' practice in Martinsville, Virginia, was given an opioid prescription.
  • Patients traveled hundreds of miles to visit his practice, where Smithers only accepted cash or credit cards and not insurance.
  • Smithers and similar doctors represent one part of the chain of responsible parties who contributed to the opioid epidemic.
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