John Abramson: Big Pharma | Lex Fridman Podcast #263

11 Feb 2022 · 40 min
40:25

John Abramson, Harvard Medical School faculty, argues that pharmaceutical companies have captured medical knowledge to prioritize profit over health. He cites Pfizer's fraud conviction, inflated drug costs like Trulicity over metformin, and how lifestyle changes in the Diabetes Prevention Program often work better than pills.

Questions this video answers

He said a jury found Pfizer guilty of fraud and racketeering violations (referencing a 2010 federal trial).

About $38 billion (1991 to 2017).

Metformin ~ $48 per year (~$4 per month) versus Trulicity ~ $6,200 per year (Abramson's figures).

Treat 323 people to prevent one non-fatal cardiovascular event, at a cost of about $2.7 million (per prevented event), per Abramson's example.

In the federally funded DPP (published ~2002), intensive lifestyle counseling reduced progression to diabetes by 58%, versus metformin which reduced risk by 31%.

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