Summary
Scandals continue to emerge. Not long ago the giant pharmaceutical company Merck lost 39 per cent of its share value on the discovery that it had withheld information about the increased risk of heart attack and stroke while patients were taking its new anti-inflammatory drug, Vioxx (upon whose success the success of the company in general, and the pay of the chief executive in particular, largely depended), thus laying itself open to countless lawsuits.
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Extract
Take Away Their Votes
Everyone knows that it costs an immense sum to bring a new drug to market; and that the life of its patent being short, the pharmaceutical company doing so has to recoup its investment and make a profit very quickly by means of high prices; and that expenditure on research is always a gamble and no guarantee of eventual success.
Nevertheless, when all due allowances have been made, several pharmaceutical companies have been caught lately cheating in the most egregious ways. Their s...See the full content of this document
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