Rick Acquires Allergan for $63 Billion

Looks like Ricks got some explaining to do. House Oversight Committee to subpoena AbbVie for documents on Humira and Imbruvica pricing.

Make Rick testify under Oath.


“After more than 18 months, AbbVie has demonstrated its unwillingness to comply voluntarily with the Committee's investigation," Representative Carolyn Maloney, the Chairwoman of the committee, wrote in a memo
 






Looks like Ricks got some explaining to do. House Oversight Committee to subpoena AbbVie for documents on Humira and Imbruvica pricing.

Make Rick testify under Oath.

“After more than 18 months, AbbVie has demonstrated its unwillingness to comply voluntarily with the Committee's investigation," Representative Carolyn Maloney, the Chairwoman of the committee, wrote in a memo


The Truth

“Although most of the drug companies we are examining have cooperated with the committee’s investigation, AbbVie’s noncompliance stands out as particularly egregious, which is why I am issuing this subpoena.”

The Lie

AbbVie said it has been cooperating with the committee since it received their initial letter in January 2019. “While we are surprised and disappointed the committee chose to take this action, we will continue to work in good faith with them on this important subject,” the drugmaker said in a statement.


After more than 18 months, AbbVie has demonstrated its unwillingness to comply voluntarily with the Committee's investigation," Representative Carolyn Maloney, the Chairwoman of the committee, wrote in a memo


Make Rick testify under Oath.
For starters Rick needs to be asked the following:

How does executive pay/compensation matrix relate to Humira drug pricing?

Regarding he $15B stock buyback with Tax credit. What new jobs were created and what infrastructure (manufacturing plants, offices) in U.S.were constructed and where and at what cost?

Was there ever a discrepancy in the level of education attained by you on certain SEC FDA and other forms or filed documents NOT attributed to a clerical error?

What date were you briefed on the negative clinical data regarding Rova T?

What’s the status internally at Abbvie regarding California Commissioner Dave Jones complaint on behalf of the State of California against AbbVie Inc, alleging illegal kickbacks to healthcare providers to prescribe Humira.

What’s the status of FTC complaint against Abbvie for using strategies like pay for play to hinder or delay biosimilars from entering the market by Amgen and Samsung Bioepis?

European patients are already benefiting from significantly lower prices with biosimilar competition.Will Americans be without access to Humira biosimilars for almost 2 more years? — HR
 






The Truth

“Although most of the drug companies we are examining have cooperated with the committee’s investigation, AbbVie’s noncompliance stands out as particularly egregious, which is why I am issuing this subpoena.”

The Lie

AbbVie said it has been cooperating with the committee since it received their initial letter in January 2019. “While we are surprised and disappointed the committee chose to take this action, we will continue to work in good faith with them on this important subject,” the drugmaker said in a statement.


After more than 18 months, AbbVie has demonstrated its unwillingness to comply voluntarily with the Committee's investigation," Representative Carolyn Maloney, the Chairwoman of the committee, wrote in a memo


Make Rick testify under Oath.
For starters Rick needs to be asked the following:

How does executive pay/compensation matrix relate to Humira drug pricing?

Regarding he $15B stock buyback with Tax credit. What new jobs were created and what infrastructure (manufacturing plants, offices) in U.S.were constructed and where and at what cost?

Was there ever a discrepancy in the level of education attained by you on certain SEC FDA and other forms or filed documents NOT attributed to a clerical error?

What date were you briefed on the negative clinical data regarding Rova T?

What’s the status internally at Abbvie regarding California Commissioner Dave Jones complaint on behalf of the State of California against AbbVie Inc, alleging illegal kickbacks to healthcare providers to prescribe Humira.

What’s the status of FTC complaint against Abbvie for using strategies like pay for play to hinder or delay biosimilars from entering the market by Amgen and Samsung Bioepis?

European patients are already benefiting from significantly lower prices with biosimilar competition.Will Americans be without access to Humira biosimilars for almost 2 more years? — HR


Yeah right. They’ll get a stern talking to and a slap on the wrist.
 






Yeah right. They’ll get a stern talking to and a slap on the wrist.
Unfortunately you’re probably right. Pharma lobbyists has both the left AND the right in their pockets. Follow the money trail. Still doing business with China including Abbvie partnering with Chinas I-MAB and it’s CD47 monoclonal antibody. SMH
 


















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9:57 PM · Jan 27, 2020·Twitter for iPhone

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