16 March 2006

Pfizer makes list of worst corporate evildoers

Surprise, surprise!

It appears that some drug company executives are more interested in selling drugs that will make them rich rather than selling drugs that will make people well.

From YubaNet:
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On January 3, 2006, Global Exchange, the international advocacy group for human rights, released a report naming the top fourteen "Worst Corporate Evildoers" in the world for the year 2005. Pfizer, one of the most profitable drug companies on earth, with sales over $52 billion in 2004, made the list of Evildoers.

Pfizer's participation in the cover-up of the deadly side effects of Bextra surely contributed to its membership. Because the drug was promoted and sold off-label for so many unapproved uses, the company made hundreds of millions of dollars in pure profits during Bextra's short life on the market. However, experts predict that when all is said and done, the total amount of the drug's damage to consumers will be in the billions.

Bextra belongs to the same class of drugs as Vioxx and Celebrex, known as Cox-2 inhibitors. Millions of people world-wide have taken these drugs.

It is now apparent that Pfizer knew Bextra was associated with extremely harmful side effects long before it was yanked off the market. However, Pfizer had good reason to stall its inevitable removal after Vioxx was recalled.
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