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Patry, who is also an employee of the company, did not respond to requests for comment on the specifics of deal.
Patry, who is also employed at another publicly traded antidepressant company, Norco, confirmed to cymbalta discount code STAT that he "is on the board here at Johnson&Johnson." He then said: "I would never work for me. I would never be there directly on anything. It's my word against theirs."
"This particular issue involves an employee who is not on the board of Janssen in any capacity," said a spokeswoman for Janssen.
"The terms under which Dr. Patry is taking this position of leadership are not yet known and we do not comment on any of our pharmacy online promo code australia employees," a spokeswoman for Allergan added when asked about the deal. Neither company would comment publicly on Patry but said he was no longer a staff member at their offices.
The pharmaceutical lobbying group PhRMA did not respond to requests for comment regarding this story but said it "has made clear to the companies in which it represents and has previously met [with companies] who have recently made decisions to make their own sales of drugs exclusive to another company."
John Jackson, a longtime consultant to pharmaceutical companies who has written several books about marketing tactics and drug pricing, said it was unusual for a senior drug executive to leave corporate board seats work in the corporate world for an advisory firm.
"It's almost unprecedented. It's the high executive turn-over at Johnson & which is very typical of other pharmaceutical companies," he said.
Jackson noted that while pharmaceutical companies are "very aggressive" in retaining senior executives, it often depends on the drug to stay market. That's because drugs are profitable only if the clinical trial and other factors lead to more purchases. The same drug may become unneeded if regulators and patients decide it doesn't work.
Jackson, who said he was a consultant on Allergan's deal before an interview request was placed, said it "very, very unusual and rare."
Pfizer spokeswoman Lauren J. Kowall did not respond when asked about Allergan's sale.
"Typically we make no comment as an advisory committee. example, we do have information as an advisory committee, about product innovations and potential actions that could occur or be taken to improve health, but we don't make any announcement about when we make our recommendations publicly," Kowall said, adding: "We are always open to being discussed and providing advice about what's going on with Pfizer and our own business."
Pfizer and all the other drugmakers making deals with the advisory firms or their clients did not respond to requests for comment.
Jackson noted that in the period between November election and inauguration, pharmaceutical lobbying was up "double digits," and said drugmakers have an ongoing role in Washington.
"Drug company lobbyists are lobbying aggressively to protect their business interests and to further legislation promote their businesses in a fashion that they do not have to engage in the lobbying with Congress," he said. "That would include legislation that gives tax breaks and other financial incentives to pharmaceutical companies and changes health care."
At the center of all this is the new law, called 21st Century Cures Act. Last month, the House and Senate passed similar legislation but the final version may not be complete by the time doctors take to ballot box on Tuesday decide who would be their presidential candidates. That's because the drugmakers may go on fighting that law.
The 21st Century Cures Act includes a prescription reimbursement requirement that, if approved, would make it prohibitively expensive for manufacturers of drugs that currently are not covered under Medicare to sell those drugs in Medicare's Part D program for seniors. Drugmakers are trying to delay or stop the law but may fail. It has many supporters like former House Speaker Newt Gingrich.
Drug companies see the bill's effects, though, as far more far-reaching than a reimbursement requirement. The drug companies fear that bill's coverage of drugs approved in other countries may reduce their ability to sell drugs in the U.S. Even drug company officials opposed to the law have said they fear if it passes, many of its provisions that are unpopular to drugmakers will be implemented.
"This legislation could potentially reduce brand-name pharmaceutical profits by 20% to 30% and could ultimately"
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Read the entire story at Guardian. The United Nations agency dealing with international development has come under scathing criticism for its alleged involvement in a $50-million bribery scheme, prompting its senior officials to issue a rare apology.
The Global Fund to Fight AIDS, TB and Malaria said it would make a "solemn" admission of the accusations, in a statement issued late Wednesday.
"There is no doubt in my mind that we have let down many poor women and children as much anybody in the world," said Richard Dobbs, director of the Global Fund, who was speaking in Geneva.
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