Monday, July 12, 2010

Pfizer Continued Unethical Business Practices, Continue to Make the Bucks

Martha Rosenberg writes an article which provides a summary of how Pfizer is banking the bucks with their continued unethical business practices, with their involvement in questionable practices with government agencies and how it causes serious health harm to the public consumer.

An interesting point in the article is made when it hypothesizes that the government can't get tough on Pfizer by preventing Pfizer to sell drugs to Medicare, Medicaid and VA. "The government is not really in a position to be cutting itself off from all that medicine."

Why not? Why can't unethical companies loose patent rights when they use unethical business practices? Why not let a different, but ethical company make the same drugs and sell them to Medicare, Medicaid and the VA?

Although the article is good, Rosenberg forgets to mention, however, that after Pfizer was fined 2.3 Billion dollars for unethical business practices by the US government, Pfizer CEO Jeffry Kindler was appointed to the Federal Reserve Bank of New York. The Federal Reserve is one of the single most influential bodies for setting US monetary standards and policy in the United States. Hello...anyone home?

Rosenberg's article is below:

Pfizer: The Drug Giant That Makes Bank from Drugs That Can Kill You
By Martha Rosenberg, AlterNet Posted on July 10, 2010,

Pfizer: The Drug Giant That Makes Bank from Drugs That Can Kill You
By Martha Rosenberg, AlterNetPosted on July 10, 2010, Printed on July 12, 2010
The drug company Pfizer is best known for Lipitor, a drug that brings cholesterol down and Viagra, a drug that brings other things up.

But the "world's largest research-based pharmaceutical company" which sits between Goldman Sachs and Marathon Oil on the Fortune 500, is also closely associated with a seemingly never-ending series of scandals.

To say Pfizer's been accused of wrongdoing is like saying BP had an oil spill. Other drug companies have a portfolio of products, Pfizer has a portfolio of scandals including, but not limited to, Chantix, Lipitor, Viagra, Geodon, Trovan, Bextra, Celebrex, Lyrica, Zoloft, Halcion and drugs for osteoarthritis, Parkinson's disease, kidney transplants and leukemia.
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1 comment:

  1. Pfizer doesn't have Rescriptor available for distribution to pharmacies;conflicting reasons: 1.) discontinued, 2.) manufacturing problems. CVS states that they will probably receive a shipment in mid- to- late August, if it continues to be manufactured.. This is part of an essential HIV regimen, unavailability can, and will, compromise many HIV patients. I hope an attorney will go after them for compromising the life line of those affected.