And what about Big Pharma and ethics?

I have written in a previous post that Goldman’s business is not of moral but what about Big Pharma? Let’s be honest (not naïve at least) and state that Big Pharma as basically other type of business is out there just with one major purpose: making money. Big Pharma just wants big bucks – nothing more. Big Pharma is not out there to provide customers with safe products, and here is a fresh example concerning Roche:  

Three months after the European Medicines Agency found that Roche failed to report tens of thousands of adverse events in connection with its various drugs, including 15,161 patient deaths, the agency is now initiating what its calls an infringement procedure at the request of the European Commission

Roche identified some 80,000 reports for medicines marketed in the US that had been collected through its patient support program, but these had not been evaluated to determine whether they should have been reported as suspected adverse reactions to EU authorities

There were also questions about 23,000 adverse events related to evaluating and reporting to regulators and 600 pertaining to clinical trials.

Well, it is not personal to Roche – I am convinced that the same problems will be found in other companies if we just dig a little bit deeper. And we have a conflict of interest: why Big Pharma should provide the market with safe drugs? By curing people Big Pharma reduces the market and the amount of customers. And Big Pharma is not so stupid to do this big mistake. It is really sad but definitively true… For more details see here.