When a drug is likely to cause a severe side effect--say, an increased risk of heart attack, an allergic reaction that causes the skin to burn or liver failure--the standard practice is to warn patients and doctors about the product's labeling, and to send out warning letters to physicians who might prescribe the medicine.
Wall Street will prescribe the same old medicine until the patient dies an economic death without ever wondering why.
Not that Mr Haraguchi was likely to prescribe harsh medicine for the banks, either.
Approval from the Food and Drug Administration is not the only determinant of how doctors prescribe a medicine.
Aegerion will certify all health care providers who prescribe JUXTAPID and the pharmacies that will dispense the medicine.
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Doctors risk losing not only the direct benefits they receive from medicine sales, but also the kickbacks they receive from medicine companies when they stock their products and prescribe them.
But it cannot quite steel itself to concede that, in the face of the evidence that it presents, American doctors ought now to be given the right to prescribe the stuff as freely as they would any other medicine.
Currently, state laws govern the requirements of who can practice medicine and prescribe medications.
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The medicine for these ills is simple to prescribe, but painfully hard to administer: structural reforms to deregulate labour and product markets.
In the most restrictive cases, only certain registered doctors are allowed to prescribe a medicine, or a drug is only distributed by a limited number of pharmacies.
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