In what seems like sheer insanity, the Obama administration is set to spend 2.7 billion on drugs to combat the swine flu. This amount is over and above the 1.8 billion already set aside to spend on the propaganda-pandemic. The money will collectively go to vaccines, anti-viral drugs, and campaigns to encourage people to get the shot.
We here at SS&C are calling this the stimulus package for Big Pharma, because that must be the intent behind spending such funds. We've already heard Novartis saying that H1N1 is good for their bottom line (see previous post), and with governments spending this kind of money, it is easy to see that this will help fill up the coffers of drug companies around the world.
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