Tags: half of hospitals | buy | back door drugs | gray market drug sellers | gray market drugs

Half of Hospitals Buy 'Back Door' Drugs

Monday, 29 August 2011 01:05 PM EDT

Some lifesaving drugs have been in short supply in recent years, and 52 percent of hospitals surveyed admit they've bought medications from backdoor suppliers. According to an article published by msnbc.com, more than half of hospital purchasing agents and pharmacists surveyed by the Institute for Safe Medication Practices (ISMP) admit buying drugs from "gray market" sellers.

Another report issued by a hospital association found that the backdoor vendors sold their drugs at huge profits — at an average markup of 650 percent. Both doctors and patients pressure the hospitals to make them available, forcing them to buy drugs through nonstandard sources and paying huge markups in the process. “Our physicians DO NOT want to hear that a drug is 'unavailable,'" one hospital pharmacist wrote in the anonymous survey.

A majority of those who responded to the ISMP survey said they got up to 10 petitions each day from gray market dealers. And about one-third of respondents admitted they had paid at least 10 times the standard prices for drugs, most often drugs used to anesthetize patients during surgery, drugs to treat cancer, and drugs to treat patients during emergencies.

"I think it's criminal that pharmacies are 'held hostage' to these scalpers who charge excessive fees to obtain critically needed medications," said one hospital staffer in the survey.

To read the entire msnbc.com story, go here now.

© HealthDay


Health-News
Some lifesaving drugs have been in short supply in recent years, and 52 percent of hospitals surveyed admit they've bought medications from backdoor suppliers.
half of hospitals,buy,back door drugs,gray market drug sellers,gray market drugs
225
2011-05-29
Monday, 29 August 2011 01:05 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Find Your Condition
Get Newsmax Text Alerts
TOP

The information presented on this website is not intended as specific medical advice and is not a substitute for professional medical treatment or diagnosis. Read Newsmax Terms and Conditions of Service.

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved