Poison Pills

The pharmaceutical industry continues to be discredited by its admissions of guilt and wrongdoing in putting out medication that is either unsafe or useless. This time it has to do with advertising and promoting several drugs for uses that have not been approved by the U.S. Food and Drug Administration. Furthermore, it engaged in kickbacks with health professionals that would prescribe those drugs in exchange for all kinds of benefits from the drug company. GlaxoSmithKline will plead guilty and pay a fine of $3 billion. This is the second major case of this nature in recent history, the Abbott Laboratories one being the first.

These are prime examples of how corrupt the private sector really is, having no social conscience nor responsibility, all that public relations about corporate responsibility notwithstanding.

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