Healthcare & Pharmaceuticals
Here is the annual Top 10 Worst Corporations of 2000 list compiled by Russell Mokhiber and Robert Weissman. This year, rushing to the head of the pack of irresponsible biotech companies was the French corporation Aventis, the maker of Cry9C corn, sold under the name StarLink.
It happens only once a year, and yet so many headstrong corporate CEO's can't seem to cope with being in a room with shareholders for a few hours at the annual meeting.
Many Halliburton contractors leave Iraq with debilitating injuries and deep psychological scars. Then they return home only to find that the insurance they need to rebuild their lives is out of reach.
Bayer, the German pharmaceutical giant, is in hot water after CEO Marijn Dekkers told a Financial Times conference that the company designed medicines "for western patients who can afford it" not for the "Indian market." The company has been critical of the Indian governments efforts to make cheap generic drugs available locally.
GlaxoSmithKline boss Sir Andrew Witty's pay package more than doubled to Â£6.7m last year - but the drugs group reckons he remains underpaid and has awarded him a new deal which could generate up to Â£10.4m this year.
Few industries campaigned harder than pharmaceutical manufacturers to elect Republicans to the new Congress, and few industries are better positioned to reap the rewards of the election returns, analysts said Thursday.
Last week, after its findings revealed that the combination of hormones taken by some 6 million women was doing more harm than good, causing an increase in heart attacks, breast cancer, blood clots, and strokes, a national study was halted mid-stream. Wyeth, which has raked in more than $2 billion a year from its top-selling hormone therapies is now watching its stock price dive.
Drugmaker Merck & Co.'s research facility in West Point dumped a chemical compound that included cyanide into the sewer system, killing more than 1,000 fish in Wissahickon Creek, federal authorities said Thursday.
Over one million people in the Canadian province of Quebec will receive a total of C$15.6 billion ($12.5 billion) in damages for smoking related diseases from three of the biggest tobacco companies in the country. The settlement is the result of a 17 year long court battle.
Why don't drug companies invest enough money in treating malaria and tuberculosis? A recent study published in the Lancet magazine estimates that 1,238,000 people died from malaria in 2010. Surely a wonder drug that stops these diseases would be wildly profitable?