Pharmaceutical companies in the past did all their own research and testing and submitted the results to the Food and Drug Administration for consent to put tablets on the market. The agency’s review was devised to resolve concern about the drug makers’ interest in viewing a pill was harmless and successful.
Since the 1990s or so, Big Pharma has made and sent out more and more of that testing to companies like Quintiles Transnational Corp., which grew quickly to meet the order.
Now Durham, N.C.-based Quintiles is the world’s major contract research association, and more than ever, using their money to twist itself with the pharmaceutical companies, fronting them cash and services for a piece of the proceeds once a drug is official.
Quintiles, which was created in 1982, upped the ante last month said “we want to invest even more in potential drugs as pharmaceutical companies grapple with the down economy”.
