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Biotech / Medical : IPIC
IPIC 0.00010000.0%Aug 15 3:35 PM EST
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To: margaret foley who wrote (834)10/24/1997 9:48:00 AM
From: Todd N. Weisrock  Read Replies (4) of 1359
 
A headline in today's WSJ:

Feeding Frenzy:
Trial Lawyers Rush
To Turn Diet-Pill Ills
Into Money in the Bank

Could someone with knowledge of this industry and process please enlighten me? I would think that since the FDA approved this drug, they would be as or more liable than IPIC for the problems that occur because of its use, if in fact there are problems caused by Redux. I would think that allowing law suits against companies that have drugs approved by the FDA would severely dissuade progress in the biotech and pharmaceutical arena. What is the role of the FDA approval process if not to protect the public from harm?? Sorry if I seem ignorant on this one. As a long time IPIC stockholder, I am dissappointed that a company that put out a product that they truly believe/believed could help patients with a severe problem can be punished. Of course it would be a different story if they knowingly put out a product that they knew would hurt people, a la the tobacco industry!

You can never be 100% sure of what a drug's long term effect will be on somebody, and I would think that there are patients with severe problems (obesity, AIDS) that would be willing to take a risk on a product that hasn't been through an entire human lifetime of testing.

Maybe patients should have to sign a form stating that they know that there could always be long term adverse affects with drug use and that they are limited in the actions that they can take.

Who knows. I just hate to penalize innovation in an area that can save or severely improve lives.

Any other insight appreciated...
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