Pfizer Execs To Stand Trial For Cover-Up Of Drug Trial Results
April 2, 2012 by admin
Filed under News Stories
April 3, 2012
Natural News
By Ethan A. Huff
“Here is more proof that drug companies are evil to the core.” –KTRN
Four former executives at Pfizer Inc., the world’s largest drug company. — Henry McKinnell, John LaMattina, Karen Katen, Joseph Feczko — as well as Gail Cawkwell, Pfizer’s current Vice President of Medical Affairs, will all face trial for allegedly concealing the unfavorable results of drug trials involving Celebrex and Bextra. Courthouse News Service (CNS) reports that U.S. District Judge Laura Taylor Swain has denied requests made by defendants to dismiss the case, which means all five individuals will be held to account for their actions.
The securities class-action lawsuit, which was filed by the Teachers Retirement System of Louisiana (TRSL) on behalf of Pfizer stockholders, alleges that the five defendants violated federal securities laws by concealing the results of studies involving Celebrex, a COX-2 inhibiting anti-inflammatory drug, and Bextra, a non-steroidal anti-inflammatory drug (NSAID) that was pulled from the market in 2005.
According to the suit, the five defendants made misleading statements in their public filings about the drug trials, and also omitted important information that exposed both Celebrex and Bextra as being dangerous. And despite numerous attempts by Pfizer and the defendants to have the case dismissed or reconsidered, the case will now proceed as intended following Judge Swain’s ruling that the plaintiffs provide sufficient evidence to show that Celebrex and Bextra are “linked to adverse cardiovascular events to a statistically significant degree, and that these results were known to Defendants.”
Most drug companies have no empathy with society, they just look on it as just a big cash cow. If ethics and humane characteristics came into the equation more (which they do but at probably only around 0.1% of their mindset), the pharmaceuticals would be better placed for this century where full empathy of corporates will become more prevalent to the world populous.
A very interesting web-link to how many of the big drug companies operate and have their roots is,
http://foolscrow.wordpress.com/2010/07/27/return-to-nuremberg-big-pharma-must-answer-for-crimes-against-humanity/
It about time that the world learnt more about the why they operate mainly covertly.
It makes interesting reading for the public-at-large and where for obvious reasons it has been constantly suppressed over the years by powerful vested interests.
Dr David Hill
World Innovation Foundation