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Theralase Technologies Inc. V.TLT

Alternate Symbol(s):  TLTFF

Theralase Technologies Inc. is a Canada-based clinical-stage pharmaceutical company. The Company is engaged in the research and development of light activated compounds and their associated drug formulations. The Company operates through two divisions: Anti-Cancer Therapy (ACT) and Cool Laser Therapy (CLT). The Anti-Cancer Therapy division develops patented, and patent pending drugs, called Photo Dynamic Compounds (PDCs) and activates them with patent pending laser technology to destroy specifically targeted cancers, bacteria and viruses. The CLT division is responsible for the Company’s medical laser business. The Cool Laser Therapy division designs, develops, manufactures and markets super-pulsed laser technology indicated for the healing of chronic knee pain. The technology has been used off-label for healing numerous nerve, muscle and joint conditions. The Company develops products both internally and using the assistance of specialist external resources.


TSXV:TLT - Post by User

Bullboard Posts
Post by langostaon Dec 03, 2017 8:43am
124 Views
Post# 27079927

Another good old Big Pharma boy.

Another good old Big Pharma boy.

Alex Michael Azar II, a former Pharma executive and lobbyist, to head the Department of Health and Human Services (HHS). After all, Trump named Scott Gottlieb, a Pharma consultant and stock speculator FDA Commissioner.  Azar would replace Tom Price, who resigned amid a scandal over his use of taxpayer money for his personal and official travel.

While serving as president of Lilly USA, Azar presided over a tripling of the price of its insulin. But that is just the tip of the iceberg.

Azar was vice president of Lilly’s U.S. Managed Healthcare Services in 2009 when the company paid $1.415 billion to settle criminal charges for illegally promoting its antipsychotic Zyprexa for off-label uses. Only four years earlier the company had pleaded guilty for similar illegal promotion of its hormone drug Evista.

"The company made hundreds of millions of dollars by trying to convince health care providers that Zyprexa was safe for unapproved uses," said Laurie Magid, U.S. Attorney for the Eastern District of Pennsylvania, "putting thousands and thousands of patients at risk." Specifically, Lilly promoted Zyprexa for the elderly despite an increased risk of death in those with dementia. In its own published data which it hid from doctors and regulators according to the New York Times 30 percent of patients on Zyprexa gained 22 pounds or more, 16 percent gained 66 pounds or more and some patients gained over 100 pounds. The drug also caused ever-rising blood sugar levels.

Court documents unsealed in South Carolina in 2009 show that Eli Lilly sales reps actually used golf bets to push Zyprexa sales. One doctor agreed to start new patients on Zyprexa “for each time a sales representative parred.”

Three months after its guilty plea for Zyprexa off-label marketing in 2009, the unrepetant Lilly sought FDA permission to sell Zyprexa to adolescents––and got it.

 

 

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