I have posted a couple of post on how the drug companies hide facts and sell harmful Drugs Johnson and Johnson's Baby Powder Licence was revoked in India. And Ranbaxy has been served with Five Notices in Five Years! Now it is revealed that the drug by sold by Johnson & Johnson’s McNeil Consumer Healthcare unit, … Continue reading Johnson And Johnson Pain Killer Kills.
Tag: Food & Drug Administration
I have posted on how Ranbaxy and Johnson and Johnson sell at a higher price/spurious products and how Johnson and Johnson is relaunching the same product that was whose licence was canceled for using a Carcinogen in the formula. That the drug companies over price is well-known. Some Retailers allow a discount of 20% on MRP, while periodically going on strike for increased margins. On checking up with a Retailer well known to% discount , in some products, they make at least 30 % Margin! Imagine the profit the Drug Companies are making! The net profit of the Drug Companies are making is very high after paying out millions of Dollars paid out to doctors for prescribing their products!
I had posted articles on how Ranbaxy had fallen short of FDA Standards and Johnson & Johnson Product Licence was canceled in India for the presence of Carcinogen. However I have received emails and in the form of comments to that post(Johnson and Johnson) expressing a desire to continue with their products on the ground that they are being used for quite a number of years and would I mail more information on the subject. I hold no grudge for Pharma Companies, so long as what they produce is of acceptable standard and are not exorbitantly Priced. A suspicion and a report that the Products are suspect or have failed tests is sufficient for me to inform people to stop using the products for we are dealing with Lives. One should know that FDA of US also has corrupt Officials(Please read The Final Diagnosis of Arthur Hailey) and when FDA issues warning it must be understood that they are being issued despite Money and Political Pressure. Yet the desire to continue with their products persists, such is the power of Television Advertisements!
Ranbaxy, the international Drug Manufacturer admitted in the United States to charges of making and distributing adulterated drugs at its two Indian plants of Paonta Sahib and Dewas and agreed to a $500 million settlement. "Daiichi Sankyo believes certain former shareholders of Ranbaxy concealed and misrepresented critical information concerning the US Department of Justice and Food and Drug Administration (FDA) … Continue reading Ranbaxy ‘Sold Adulterated Drugs Liptor’, Admits
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