Categories

Above the Fold

PHARMA: Is Pfizer’s Black Knight on the way out?

So the slow burn of Peter Rost’s time at Pfizer appears to be picking up. The NY Times reports that he’s essentially been comparing him with the Black Knight (in Monty Python and the Holy Grail) in not noticing how bad his situation really is. But in the NY Times article a couple of interesting things are revealed. It’s already known that Rost sued and beat his previous employer Wyeth in a whistleblower-type scenario when Wyeth was underpaying taxes.  Rost may also be involved in some kind of a whistle-blower suit currently, as according to the Times "Pfizer disclosed that the Justice Department had opened an
investigation into its marketing of genotropin, the growth hormone Dr.
Rost was responsible for selling at Pharmacia".
Presumably if Rost was a bad guy in that scenario Pfizer would happily fire him, so it must be assumed that he’s probably a whistleblower or at least neutral.

The whole thing about reimportation is of course ridiculous. In Europe the courts have just ruled that "parallel trading" is legal, and you don’t see the drug industry give up selling its products in Europe because of that. If Canadian imports were legal here, there wouldn’t be that much difference to the current market.  But that’s an old discussion and we know the positions there are not going to change much.

The interesting point is that Rost gets $600,000 a year to do whatever he’s doing at Pfizer, and of course he can’t leave that and get anything like as much anywhere else. Those of you who consider that you’re selling your souls to big pharma/corporate American might wonder whether you are getting your fair share!

BLOGS/TECH: THCB week off over, more or less

Your host took a (he believes) well-earned break in Europe last week  following some work over there (and no it wasn’t for the NHS). I’m actually still there (here?) having randomly found wi-fi in a wi-fi less world before my flight back to the states tomorrow.  Anyway, I did all the eastern Europe touring I should have done 20 years ago when I lived here, and I recommend Prague heartily.

The main thing of interest that happened while I was gone was that the rumors of IDX’s problems in the UK  (mentioned several times in the excellent HISTalk blog) indeed were true. Fujitsu, the general contractor in the southern region fired them, even though their replacement (another win for Cerner) has had its own issues with the "meet and greet" appointment system. (Yeah I know it’s not called that).

Cerner’s stock price is up some 30% since March, which suggests that Wall Street has decided who the winner is in the HIT game. As my Fiercehealthcare editorial last week suggested, it’s probably a matter of when rather than if one of the bigger tech companies (Oracle is a persistent rumor) decides that they want them.  However, at a PE of 37, Cerner is pretty pricey!

My next real work is on the subject of ePrescribing. So if that’s an interest of yours please drop me an email. Hope you didn’t miss me too much, and I look forward to being a little more attentive in the coming weeks.

Finally

QUALITY/TECH: Better to have a bypass

INTERESTING TIMES for cardiologists, as new research this week in the NEJM suggests coronary bypass surgery may be a better treatment option than stents.  For those paying attention, this is not exactly news.  People have been making the argument for years.  Go read Matthew’s post "Dump the stent have a bypass", written way back in October of 2003, for a deeper look at some of the evidence supporting this theory.

YOU MAY ALSO want to take a quick look at Gregory D. Pawelski’s statement in support of embryonic stem cell research, which is a well-articulated post written from the perspective of someone who knows a bit about cancer treatment.

THCB: Comments on Mr HSA’s comments

Greetings from Europe where I’ve been engaged in the mother of all consulting projects.  Thanks to Mr JiB for keeping THCB going in my absence.  Meanwhile I’ve been having some emails complaining about Ron Grenier using the comments as advertising for his HSA business.  Do you feel Ron does that? And what do you think THCB can or should do about it?  The thread is all yours and I’d love to hear any other views about the comments (including whether anyone apart from the "regulars" ever reads them!)

POLICY: On Social Class and Health Care by the Industry Veteran

A WEEK AGO, the NY Times ran
a front-page article presenting three case histories of people who sustained
MRI’s.  The article by Janny Scott, “Life at the top in America isn’t just
better, it’s longer
,” is part of an ongoing series examining the effects of
social class in the US.  I highly recommend it to all THCB readers as the
real heart and soul of what health care analysis is all about, or at least
should be.It will come as no surprise that Scott finds social class
determines every aspect of each patient’s episode, “from the circumstances of
their heart attacks to the emergency care each received…It shaped their
understanding of their illness, the support they got…[and] their relationships
with their doctors.  It helped define their ability to change their lives
and shaped their odds of getting better.”  In the best traditions of
feature journalism, Scott supplies copious detail to illustrate that the
enormous treatment differences meted out to patients and the commensurate
outcome disparities varied according to social class.Just within the
realm of health care services, the same disparities apply to stroke, cancer,
diabetes, chronic viral infections (HIV, hepatitis C) and a raft of other
episodes and conditions.  Of course, we could examine most of the other
issue areas at the core of contemporary life — education, retirement, child
care, leisure, on and on — and find in these that social class is also at the
root of discrepant life chances and life styles.The Times’s
article also underscores a point that you and I have both made on TCHB several
times, namely that the holy-of-holies under Reagan-Bush-Bush, the omnisciently
unregulated market, is a piss poor way of delivering goods and services that
have such enormous impact upon the length and quality of lives.  Markets
stratify the public into segments, they often require long periods to
self-correct, and they tend to evolve in ways that subvert the very
preconditions for a market.  Some of those market system shortcomings,
within moderate limits, may be acceptable for consumer packaged goods, luxuries
and certain other sectors.  Health care is too important, however, to leave
in the hands of the oligopolists and plutocrats who run markets.

MORNING SCAN

AMAZING NEWS from India where the Congress-led government says it has reduced the number of new HIV-infections from 520,000 two years ago to 28,000 this year.  Assuming they’re counting properly, that’s good.

COULD this service offered by a Dallas Company be the future of coverage for the uninsured? The  details: $18 membership fee, $4.95 a month, $35 per call. Somehow, we’re skeptical. USA Today had the story in yesterday’s issue.

WIRED NEWS has the scoop on health IT, explaining: "Computers are no cure for dumb docs." For some reason there’s no mention of dumb computers in the story. Or dumb vendors. Or dumb gadget-obsessed journalists, for that matter.

"research published Wednesday suggests that even the best computer systems can’t stop hospitals from being killing machines."

A Little Guidance on Guidant by Jib

WALL STREET has basically blown off reports of a defect in a defibrillator made by Guidant.  The company’s stock has fallen only slightly since Tuesday, when the New York Times ran a front page story detailing problems with the Ventak Prizm 2 Model 1861. The story was prompted by the death of Joshua Oukrop, a 21-year old from Minnesota.  So far the death is the only one linked to the defibrillator. Twenty-five other incidents of non-lethal malfunctions have been reported.

Did the Times go a little too far in giving the story such prominent play under the circumstances?  Were editors at the paper possibly just a little bit overeager in their zeal to nail a major device manufacturer and embarrass the FDA?   A lot of doctors and other healthcare people I know are still angry about the way the Times and other media outlets handled the drug safety story. I’m not sure that I know the answer to this one,  but its certainly a question worth thinking about. 

A Mistrial in the Scrushy case?

Scrushya_2Could the jury in the Scrushy case be on the verge of deadlock? It certainly sounds that way from this report in today’s Wall Street Journal:

"Jurors in the corporate-fraud
trial of HealthSouth Corp. founder Richard M. Scrushy told the judge
that they "cannot unanimously agree on a verdict" and asked for "an
explanation in layman’s terms."

The handwritten note, delivered to the judge about
halfway into the jury’s fourth day of deliberations, appears to be an
ominous sign for federal prosecutors while giving Mr. Scrushy another
reason for optimism about the outcome of the four-month trial here."

Now, it’s a little early to say anything conclusive about what a mistrial would mean, but that does not exactly sound like good news if you’re one of the people who think Scrushy was involved in the massive accounting fraud at HealthSouth. 

Policy: Another take on HSAs by Jib

The Los Angeles Times has an excellent piece on Health Savings Accounts (HSAs) this week, which almost sounds as though whoever wrote it read some of the comments in the threads here! No surprises in the conclusions :  employers kind of like HSAs (go figure), employees are kind of confused (ditto) and some people are ending up paying a little bit more for their medical bills than they had reckoned on. BusinessWeek also has an article on the topic this week, which has a more positive take on HSAs, including some interesting wrinkles in place at one plan.  Hat tip Ezra Klein.

Policy: Stem Cell Wars Afternoon Update

The House appears to be on its way to approving legislation which would relax federal rules on stem cell research.  The debate on both sides has been emotional, as was to be expected.  Ever popular House Majority Leader Tom DeLay is quoted by the Associated Press as saying stem cell research equates to the "dismemberment of living, distinct human beings."  In an effort to sway the undecided, President Bush spoke out against the legislation again this afternoon. "This bill would take us across a critical ethical line," Bush said "by creating new
incentives for the ongoing destruction of emerging human life."

In a carefully orchestrated demonstration of political spontaniety, the White House arranged to have a group of children adopted through fertility clinics appear with the president, all wearing t-shirts which say "former embryo."

UPDATE: As most people were predicting, the House passed the Castle-DeGette bill by a vote of 238-194, which is not a wide enough margin to withstand a presidential veto.  The alternative legislation favored by some Republican leaders, which encourages stem cell research using umbilical cord blood, passed 430-1. Rep. Ron Paul of Texas was the lone dissenter.

assetto corsa mods