

Institutional Corruption and the Pharmaceutical Policy - https://poseidon01.ssrn.com/delivery.php?ID=393024093024069084079010001089089065035087048051093061101004107064107064068002011009007006111015121111108089021114090001002023117014070089021004085096004072106084062077052120122102080007118095017119088024108092080121070107111030065010028096024011103&EXT=pdf
'Ackman says Valeant regulatory compliance no worse than rest of pharma industry' - http://www.marketwatch.com/story/ackman-says-valeant-regulatory-compliance-no-worse-than-rest-of-pharma-industry-2015-10-30 (31 October 2015)
It should be quite clear now that big pharma is 'only' interested in vast profits and basically has no empathy or real feeling for humanity other than it being a continual and immense cash-cow for them, creating the highest profit business industrial sector on the planet. Their actions and out-of-court settlements speak volumes and where history does not lie. But where also our 'so-called' peoples' politicians and leaders pamper to their every whim and corruptive enterprise ways without any meaningful reprisal. Indeed, all that they do is apparently pay billions upon billions of the taxpayers' money to line their deep pockets with every more silver and their current 'blind' and misplaced judgement in thinking that there is a cure for continually mutilating influenza/respiratory human killer viruses, is a pointer. For there has never been a single one to date even though the giant pharmaceutical groups have been trying for 150 years now, as these particular human killer viruses change continuously and last years' so-called vaccine, is out of date before we get it - a fool's journey in other words. But of course through this immense 'con' on the people of the planet, they receive non-ending trillions over the years without relent and no real payback to the people. In this respect and to the point in the latest edition of the “Journal of the American Medical Association”(March 2020 analysis) in a study of 35 large pharmaceutical companies it showed that from 2000 to 2018 (a mere 18 years) they had revenues of $11.5 trillion and a gross profit of $8.6 trillion – yes they made, 8,600,000million profit or around 75% profit mark-up before the rich 1% shareholders et al got their grubby little hands on it.
. So we are being 'conned' as I say every day of the year by these 'so-called' kind and humanitarian business behemoths in the interests of trillions of dollars on an ever increasing scale (paid indirectly again by the taxpayer - the 'people') and totally immoral to humanity if truth be told.
'Cancer Capitalism' - http://www.opednews.com/articles/Cancer-Capitalism-by-Mark-Taliano-Bailout_Capitalism-Over-Humanity_Finance_Finance-151024-207.html
For the major drug companies throughout the world are
continually being found out for criminal and fraudulent activity in order to
sell their pharmaceuticals. Not me saying this but the world’s media coverage
and the out-of-court agreements that they have settled and where in the past 5
years alone fines in excess of $17 billion have been agreed between authorities
and the big drug companies. These include but where they are not a fully
exhaustive list of examples,
$4,700 million - Johnson and Johnson (2018)
$3,400 million - GlaxoSmithKline (2006)
£3,000 million - GlaxoSmithKline (2012)
$785 million - Pfizer (Wyeth) (2016)
$1,200 million - Teva (2015)
$2,200 million and $2,5 00 million ($4,700 million in total in a mere year) by Johnson &Johnson (2013)
$500 million - Daiichi Sankyo (2013)
£3,000 million - GlaxoSmithKline (2012)
$785 million - Pfizer (Wyeth) (2016)
$1,200 million - Teva (2015)
$2,200 million and $2,5 00 million ($4,700 million in total in a mere year) by Johnson &Johnson (2013)
$500 million - Daiichi Sankyo (2013)
$762 million by Amgen (2012)
$1,500 million by Abbott (2012)
$95 million by Boehringer Ingelheim (2012)
$109 million by Sanofi-Aventis (2012)
$950 million by Merck (2011)
$520 million by AstraZeneca (2010),
$520 million by AstraZeneca (2010),
$750 million by GlaxoSmithKline (2010)
$423 million by Novartis (2010)
$600 million by Allergan (2010)
$2,300 million by Pfizer (2009)
$1.42 billion by Eli Lilly (2009)
$650 million - Merck (2008)
$425 million by Cephalon (2008)
$600 million - Purdue (2007)
$515 Bristol-Myers Squibb (2007)
$704 million - Serono - (2005)
$500 million - Schering Plough (2002)
$875 million - TAP (2001)
$650 million - Merck (2008)
$425 million by Cephalon (2008)
$600 million - Purdue (2007)
$515 Bristol-Myers Squibb (2007)
$704 million - Serono - (2005)
$500 million - Schering Plough (2002)
$875 million - TAP (2001)
- Source for all from
the US
‘Department of Justice’ and world media sources. Note also that all of these
actions had criminal activity as part of their respective settlements. But because these huge global
concerns make so much money out of selling drugs, these fines have apparently
now become an in-built expense in the corporate cost of their drugs. Indeed in
GSK’s 2012 case in the USA ,
nearly $30 billion was sold and where it was estimated that even after the $3
billion fine was deducted, a profit of $11 billion was made.
Johnson and Johnson's asbestos laced products are now the highest ever dire case of known substances that are carcinogenic and cause CANCER in the history of the giant pharmaceutical companies and the initial $4.7 billion fine is only the tip of the iceberg, as there are literally 1000s of claims that their products caused cancer to happen in people (babies, mothers, fathers and millions of people who bought their products and where J&J knew that asbestos as an example was in their baby nappies for decades, but said nothing according to Court disclosures). This is what people are dealing with and if they only did their own research (unfortunately only 1% at most do this and why 99% of the public are ignorant of the fact that these vast profit generating corporations, put profits which are the highest in the world by far and continually printing money for their products, above human life itself to attain this end for the very few), they would see how corrupt the pharmaceutical industry really is. Indeed, people should do their own research into these Covid-19 vaccines for an eyeopener and where independent research over a decade by dedicated people (not medical, but intelligent people outside the confines of the medical establishment) has determined that a great deal of the medical profession is based upon lies and mere suppositions with no real physical research evidence to back up what they tell us when it comes to diseases - https://odysee.com/@AllSeeingHeart:0/iatrogenesis-what-really-makes-you-ill:6
Therefore it certainly appears that the accepted corporate
environment that these giant corporations have structured internally for
themselves has created these illegal activities and where it is of their own
making and not predominantly the countries that they operate within - but I have
to say though, that it does help if there is government and internal corruption
to boot. But possibly the biggest sadness to date has to come out yet in India
where over 20,000 of the poorest children in the world (between the ages of 10
and 14) have been used as human guinea pigs for Big Pharma –
http://www.bbc.co.uk/news/magazine-20136654 . Indeed over the past seven years,
nearly 2,000 trials have taken place in the country and the number of deaths
increased from 288 in 2008 to 637 in 2009 to 668 in 2010, before falling to 438
deaths in 2011, the latest figures available. Therefore the drive for corporate
profits has a very dark side to it and everyone should be fully aware of this
fact. Apparently this is not a problem for big pharma and where vast profits
and greed rise above human life itself. Governments just have to get to grips
with these huge corporations and fine then not just a small percentage of their
profits but all the estimated total profit.
That is the only way that they will ever alter their corporate mind-set
and strategic blue-print.
and where their activities have not really changed one iota.
Dr David Hill
Chief ExecutiveWorld Innovation Foundation
9 December 2013 (updated 22 May 2021)
References: note that more up-to-date references have been added since this initial blog in 2013 to the following Media references)
Johnson & Johnson Told to Pay $4.7 Billion in Baby
Powder Lawsuit - https://www.nytimes.com/2018/07/12/business/johnson-johnson-talcum-powder.html
Johnson
& Johnson to pay $4.7bn damages in talc cancer case - https://www.bbc.co.uk/news/business-44816805
Twenty-Seven Years of Pharmaceutical Industry Criminal and
Civil Penalties: 1991 Through 2017 - https://www.citizen.org/article/twenty-seven-years-of-pharmaceutical-industry-criminal-and-civil-penalties-1991-through-2017
Want
to learn something new? Then listen to this video based on 10 years of
'independent' medical research to what viruses really do to Humans? It should
open up your mind, if not blow it?
What Really Makes YouIll ?
https://odysee.com/@Outersite.org:7/What_Really_Makes_You_Ill:e
What Really Makes You
HHS Sued for Dodging Mandatory
Vaccine Safety Tests - https://principia-scientific.org/hhs-sued-for-dodging-mandatory-vaccine-safety-tests/
What really makes
you ill – Two
Listen to this interview by a receptionist at a large northern medical practice with 20,000 patients and what she has learnt, seen and had access too through the Covid-19 Pandemic. It’s a different story and you make up your mind if there is any truth in the interview or not?
'Nina' - The
Delingpod: The James Delingpole Podcast - James talks to the receptionist of a large NHS medical practice.
She tells him the true shocking story about adverse reactions to the 'jab'. –
‘Click’ on ‘Nina’ and listen if you want to open your minds to other
possibilities - https://podcasts.podinstall.com/delingpole-delingpod-james-delingpole-podcast/202105170405-nina.html
Big Pharma and Medical Device
Manufacturers - https://www.drugwatch.com/manufacturers/
Pfizer: Corporate Rap Sheet - https://www.corp-research.org/pfizer
Corporate Rap Sheets - https://dirtdiggersdigest.org/corporate-rap-sheets
Institutional Corruption and the Pharmaceutical
Policy - https://poseidon01.ssrn.com/delivery.php?ID=393024093024069084079010001089089065035087048051093061101004107064107064068002011009007006111015121111108089021114090001002023117014070089021004085096004072106084062077052120122102080007118095017119088024108092080121070107111030065010028096024011103&EXT=pdf
'Buyer Beware: An Historical Look at Bayer's Unethical Practices' -
'Novartis could face South Korea
sales ban amid corruption allegations' - http://www.channelnewsasia.com/news/business/novartis-could-face-south/3035330.html
'Rule By The Corporations: The TTIP,
The Corporate Empowerment Act' - http://www.globalresearch.ca/rule-by-the-corporations-the-ttip-the-corporate-empowerment-act/5452726
'We're Aren't Paying No Stinking
Taxes--Pfizer' - http://www.opednews.com/articles/We-re-Aren-t-Paying-No-Sti-by-Martha-Rosenberg-Drugs_Income-Taxes_Marketing_Medicaid-151129-36.html
What ‘Successive’ Governments and Whitehall have covered-up
and ‘Not’ told the British People about Hard Drug Addiction Treatments that
simply will never work - http://worldinnovationfoundation.blogspot.co.uk/2014/01/what-successive-governments-and.html
'Four Horsemen - Feature
Documentary - Official Version' (How the world really is by international
economists and eminent thinkers) - https://www.youtube.com/watch?v=5fbvquHSPJU
'The
Government Problem' (24 December 2014) - http://www.opednews.com/articles/The-Government-Problem-by-Robert-Reich-Government-Crime_Government-Takeover_Legislation_Money-141224-359.html
'The Billionaire Sentenced to Five
Years in Prison' (25 December 2014) - http://www.opednews.com/articles/Billionaire-Sentenced-to-F-by-Rob-Kall-Billionaires_Corporate-Personhood_Hong-Kong-141225-388.html
Film Documentary - 'The Corporation : The Pathological
Pursuit of Profit and Power' https://www.youtube.com/watch?v=Y888wVY5hzw
‘The truth about Trasylol’ – https://au.news.yahoo.com/sunday-night/features/a/25220609/the-truth-about-trasylol/
What you should know about the
Gates Foundation and Others, and how they manipulate the system to their own
ends and predominantly unknown to the people - indeed they are not the
so-called good guys that they make out to be - http://www.opednews.com/articles/Privatized-Ebola-by-Margaret-Kimberley-Bill-Gates_Bottom-up-Top-Down_Ebola_Philanthropy-Giving-141016-114.html
'The Lie Machine' - http://www.opednews.com/articles/The-Lie-Machine-by-Paul-Craig-Roberts-America_Corporate_Corporations_Power-141012-777.html by
Dr Paul Craig Roberts, former Assistant Secretary of the US Treasury for
Economic Policy in the Reagan Administration
US authorities have
imposed a $750m fine on GlaxoSmithKline for selling contaminated drugs.
The case is the latest in a series of huge settlements secured by the US Justice
Department against pharmaceutical companies with the help of
whistleblowers. - https://www.thebureauinvestigates.com/stories/2010-11-01/pharmaceutical-giant-fined-750m
What ‘Successive’ Governments of
the United Kingdom and Whitehall have covered-up and ‘Not’ told the British
People about Hard Drug Addiction Treatments that simply will never work and the
only one that does they have 'secretly'suppressed - https://worldinnovationfoundation.blogspot.com/2014/01/what-successive-governments-and.html
Twenty-Seven
Years of Pharmaceutical Industry Criminal and Civil Penalties: 1991 Through
2017 – (certainly politicians have in recent times turned a blind eye to what
the drug companies are all up to and that may because of their significant
contributions to political parties – but you make your mind up on that based
upon all other years before where they paid out billions in fines and where as
they say, leopards never change their spots)
New
Report on Big Pharma Settlements Highlights Need for Tougher Enforcement - –
(certainly politicians have in recent times turned a blind eye to what the drug
companies are all up to and that may because of their significant contributions
to political parties – but you make your mind up on that based upon all other
years before where they paid out billions in fines and where as they say,
leopards never change their spots) https://www.citizen.org/news/new-report-on-big-pharma-settlements-highlights-need-for-tougher-enforcement/
Twenty-Seven Years of Pharmaceutical Industry Criminal and
Civil Penalties: 1991-2017 (Chart Slide Set) - https://www.citizen.org/wp-content/uploads/2408_charts.pdf
Novartis subsidiary Sandoz to pay
$195 million over antitrust allegations - https://www.cnbc.com/2020/03/02/novartis-subsidiary-sandoz-to-pay-195-million-over-antitrust-allegations.html
Big
Pharma and Medical Device Manufacturers (what you really need to know about
them and what they get up to in defrauding we the taxpayer who pays all the
bills – not really philanthropic in any way whatsoever and government appear to
be in bed with them – but make up your own mind of course?) – http://www.drugwatch.com/manufacturers/
SEC Enforcement Actions: FCPA
Cases (for a panoramic picture of corruption
within big corporate US
business including fines levied on even former US vice-presidents visit the
following) - https://www.sec.gov/spotlight/fcpa/fcpa-cases.shtml
Pharmaceutical Executive (billionaire) John Kapoor Sentenced To 66 Months
In Prison In Opioid Trial (shows what these people will do to make more
billions and do not care about the taxpaying public who ultimately pay all the
bills, in reality – but this is probably
the mindset of all billionaires in truth and where money means power and human
life means literally nothing) - https://www.npr.org/2020/01/23/798973304/pharmaceutical-executive-john-kapoor-sentenced-to-66-months-in-prison-in-opioid
Pharmaceutical companies
fined for breaking competition laws - https://socialcare.today/2020/03/04/pharmaceutical-companies-fined-for-breaking-competition-laws/
Four pharmaceutical companies are fined £3.4MILLION for
'cheating the NHS' by working together to inflate the prices of antidepressants
prescribed to thousands of people - https://www.dailymail.co.uk/health/article-8073859/Four-drugs-fined-3-4million-cheating-NHS-paying-pushed-prices-anti-depressants.html
SF tech biz forks out $146m in fines, settlements after
painkiller makers bribed it to design medical software that pushed opioids to
patients - https://www.theregister.co.uk/2020/01/31/practice_fusion_opioids/
Violation Tracker
Industry
Industry: pharmaceuticals
Penalty Total since
2000: $40,144,167,254
Number of Records: 873
THE US DOJ REACHES DEFERRED PROSECUTION
AGREEMENT WITH PHARMA COMPANY FINED A RECORD CRIMINAL PENALTY FOR A DOMESTIC
ANTITRUST CASE (SANDOZ)
- https://www.concurrences.com/en/bulletin/news-issues/march-2020-en/the-us-doj-reaches-deferred-prosecution-agreement-with-pharma-company-fined-a
$260 Million Opioid Settlement
Reached at Last Minute With Big Drug Companies - https://www.nytimes.com/2019/10/21/health/opioid-settlement.html
Pfizer and Flynn
fined £90m for excessive pricing of epilepsy drug -
https://www.pharmaceutical-journal.com/news-and-analysis/news/pfizer-and-flynn-fined-90m-for-excessive-pricing-of-epilepsy-drug/20202055.article?firstPass=false
New report on Big Pharma settlements highlights need for
tougher enforcement - https://healthjournalism.org/blog/2018/03/new-report-on-big-pharma-settlements-highlights-need-for-tougher-enforcement/
European court upholds €150m ‘pay for delay’
pharmaceutical fines - https://www.pinsentmasons.com/out-law/news/european-court-upholds-150m-pay-for-delay-pharmaceutical-fines1
Pharma giant fined £90m
for hiking drug price by 2600% - https://inews.co.uk/news/health/pharma-companies-fined-90m-hiking-price-nhs-epilepsy-drug-531721
Federal prosecutors snare 3rd generics exec in price-fixing
investigation - https://www.fiercepharma.com/pharma/federal-prosecutors-snare-3rd-generics-exec-price-fixing-investigation
Novartis must end ‘bullying tactics’ over life-saving
medicines - https://www.globaljustice.org.uk/news/2018/mar/1/novartis-must-end-bullying-tactics-over-life-saving-medicines
Big Pharma Fined £25bn - Profits Soar, Prices Soar! - https://www.huffingtonpost.co.uk/john-piears/public-pays-price-for-big_b_9667860.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAOC6nKGwI2O8YCIgy71nOnwmvo2hCrpeymunPYtiuXBVXWPtt2ATWukXj1p0FUs2y8J05it6hgdRwDebYwDOBKov_r0RXBB4lUwXAVE5leiduUzVAIA21zgMJY4V8kWkqCuyoOQXmXh6hHuwe1C-FZVPHqiwCYHOs8ZD4uJZMEn
Is the reduction in fines in the pharmaceutical industry a
good sign? - https://www.paconsulting.com/newsroom/expert-opinion/pharmaceutical-compliance-monitor-is-the-reduction-in-fines-in-the-pharmaceutical-industry-a-good-sign-1-august-2016/
The biggest ever pharmaceutical lawsuits - https://www.pharmaceutical-technology.com/features/biggest-pharmaceutical-lawsuits/
French competition
authority fines pharma company for its anti-generic ‘commando’ sales tactics - https://www.bristows.com/news/french-competition-authority-fines-pharma-company-for-its-anti-generic-commando-sales-tactics/
Johnson & Johnson Ordered
to Pay $572 Million in Landmark Opioid Trial - https://www.nytimes.com/2019/08/26/health/oklahoma-opioids-johnson-and-johnson.html
Purdue Pharma offers
$10-12 billion to settle opioid claims - https://www.nbcnews.com/news/us-news/purdue-pharma-offers-10-12-billion-settle-opioid-claims-n1046526
What ‘Successive’ Governments of
the United Kingdom and Whitehall have covered-up and ‘Not’ told the British
People about Hard Drug Addiction Treatments that simply will never work and the
only one that does they have 'secretly'suppressed - https://worldinnovationfoundation.blogspot.com/2014/01/what-successive-governments-and.html
Vaccines
will 'Never' save us from a deadly equivalent of Spanish Flu if common sense is used - https://worldinnovationfoundation.blogspot.com/2013/12/vaccines-will-never-save-us-from-deadly.html
Possibly the Most Important Keynote Speech ever given for Humanity's Future Survival as the 'Unthinkable' will eventually happen according to Dr. Margaret Chan, D-G of the World Health Organization (WHO) who has said many times, it is only a matter of time not when - https://worldinnovationfoundation.blogspot.com/2013/12/possibly-most-important-keynote-speech.html
Find appropriate article that is totally related pharmaceutical formulations I just circled this post to my friends.Thanks for sharing this one.
ReplyDeleteThank you.
DeleteEven the industry internally knows that it cannot carry on in the way that it is and has to change to a more transparent, open and moral business model. Hopefully the next leaders of the industry will have the qualities, integrity and human feelings to see this great needed change. If not, the industry will fall into total disrepute with the world's people and eventual boycotting will be the fall out. If that happens even mighty corporations will cease to exist over time.
Dr David Hill
CEO
World Innovation Foundation
Thanks for sharing related health
ReplyDeleteUnited Biotech is a leading Pharmaceutical Company founded by a group of pharma professionals in 1997. The focus of all our activities is to provide best medicines to help patients smile once again.
pharmaceutical formulations
Thank you Shashi.
DeleteIt is hoped that your organisation is a turning point in the way that pharmaceutical operate and that integrity and the people's trust is restored in the industry. You are probably aware of the despicable way that the industry giants have tested on tens of thousands of the poorest people in India and where many were children and over 3,000 have died. A life is a life no matter who's it is and it is about time that the drug multinationals realised this.
Regards,
David
Shashi only posted this to get a back link for his client.
DeleteCapitalism will not eat itself. It is busy eating us.
ReplyDeleteWell said Tom and never truer words said. But by eating us continuously they kill the means eventually, for those who gain all the time, their continual growth in wealth as everything has its limit. When that limit reaches its breaking point, all hell will be let loose. Unfortunately history tells it that way when you study in retrospect why empires and the rich of their times, failed. Greed and complacency are the silent killers of society that are undertaken by the super-rich and powerful and nothing appears to change this end result. Unfortunately those who have most of the riches of the world in their control never see the woods for the trees and then they wonder why society and their world has broken down as history again has shown time and time again. The present richest people and most powerful corporations are just the same and where in reality they are not really intelligent enough to see what they are destroying - the human experience itself for at least 5.5 billion people who presently live on Earth.
ReplyDeleteThe fines are clearly unacceptable, but do you really believe that an Rx company would design a trial that it thought would kill the test subjects? C'mon, what would be the point of that? If test subjects die, your drug doesn't get approved so why run the trial?
ReplyDeleteIs there an issue of consent? Probably. But then how do you ever test a drug on children, or perhaps more correctly, how do you ever develop a drug for children if you can't test it on them? Is your solution to stop developing drugs for children? Or to simply give them drugs tested on adults without any testing on children? And of the stats you quote, how many deaths were in trials run by "big pharma?" How many were on the drug being tested versus the comparator or placebo? Easy to throw out numbers. Not so easy to disseminate facts.
And the Nazi thing? Have an agenda, do we?
Respectfully I should do a web search to verify the situation and if your premise is so correct why didn't they test the drugs on British or America children and not 20,000 of the poorest children in the world. Is it that a life of a child in India is not worth the same as in a western country. We know why they did not test children in our countries because if the deaths had occurred here or in the EU or USA, there would have been a right old public outcry (righty so)and multi-million do law cases.
ReplyDeleteNo they did it in India because they knew that the backlash and potential legal settlements would have be the huge. Get a state of reality on the situation if you can or have you no pity on the mothers and families of those who died.
Just realised who you are Chet. As a Director/Head, U.S. Corporate Development at GlaxoSmithKline and a tax counsel/accountant to boot, you should have enough proof yourself of what goes on behind closed doors at GSK. You may try and support your employer and your industry but don't try to pacify yourself by having a go at others where the international media says that your organization undertakes criminal activity. Are they all wrong and making all these things up? What about the latest SFO investigation and China's assault on your organization. Just because they pay your wages you may feel obliged to support GSK's actions worldwide, but don't expect people to teach you what is right and what is wrong? I assume that you were taught this at an early age?
ReplyDeleteI hope that as time goes on your firm's high remuneration gives you comfort and that you take comfort also in knowing that your family is safe from what goes on in other countries and undertaken by firms like GSK.
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ReplyDeleteThanks Mike. Unfortunately too many people only look at one side of the coin and accept what the media tell them. Unfortunately again because 99% of all media companies (TV, papers etc) are owned by the rich and powerful, which suppress news that affects their bottom-line, both currently and in the future, the public never learn of both sides to a story. Indeed the media is controlled by vested-interests that operate behind closed doors in general terms. One cannot blame the public for not knowing what is really going on though as even the internet is highly subjective in what mainstream media companies release. Best to always have an open mind and come to your decisions on a cross fertilization of news from many sources. Came across one only today concerning how the Scottish Vote may have been corrupted (RIGGED) by an organised strategy before even the vote kicked off - http://metro.co.uk/2014/09/19/scottish-independence-video-proves-vote-was-rigged-say-yes-voters-4874786/
DeleteSo if true and the video appears to be authentic, the powerful always get what they want through their servants the political leaders and the 'establishment'.
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ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteI am afraid that we do not allow advertising on this web blog Cadila Pharmaceuticals Limited and the reason why your text has been removed.
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ReplyDeleteNote that all the comments deleted were because they were companies advertising and which this blog will NEVER allow.
ReplyDelete