Wednesday, May 22, 2013

Ranbaxy and Greed

Trust a basic essential thing can get eroded and undermine the best of relationship. We function in a society based on the premise of trust.

We trust our government, our doctors, organizations and regulators.

Ranbaxy a pharmaceutical company producing generics has consistently produced drugs with fabricated data and put at risk many lives.

It is still in business under new owner Daiichi Sankyo. The old owners and executives have remained untouched.

When one can get away with fraud, crime, it affects everyone.

Oh! Sorry if i have been ambiguous. Emotions have made me angry and sick! Few things which Ranbaxy has done:

"Last week, Ranbaxy Pharma, which is now owned by Japan's Diiachi Sankyo, pleaded guilty to criminal charges of manufacturing and distributing certain adulterated drugs manufactured at its two Indian facilities of Paonta Sahib and Dewas, while agreeing to a $500-millon settlement."

Disgusting!

If you want to read more...

http://features.blogs.fortune.cnn.com/2013/05/15/ranbaxy-fraud-lipitor/

http://economictimes.indiatimes.com/news/news-by-industry/healthcare/biotech/pharmaceuticals/ranbaxy-episode-to-hit-drugs-carrying-india-label-tough-to-secure-new-contracts/articleshow/20184181.cms

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