Now Pharma is too big to fail

Discussion in 'Wall St. News' started by empee, Apr 5, 2010.

  1. empee


  2. spinn


    American doctors are the biggest whores that have ever lived.
  3. olias


    keep on rocking in the free world
  4. Blotto


    "So Pfizer and the feds cut a deal. Instead of charging Pfizer with a crime, prosecutors would charge a Pfizer subsidiary, Pharmacia & Upjohn Co. Inc.

    The CNN Special Investigation found that the subsidiary is nothing more than a shell company whose only function is to plead guilty.

    According to court documents, Pfizer Inc. owns (a) Pharmacia Corp., which owns (b) Pharmacia & Upjohn LLC, which owns (c) Pharmacia & Upjohn Co. LLC, which in turn owns (d) Pharmacia & Upjohn Co. Inc. It is the great-great-grandson of the parent company.

    Public records show that the subsidiary was incorporated in Delaware on March 27, 2007, the same day Pfizer lawyers and federal prosecutors agreed that the company would plead guilty in a kickback case against a company Pfizer had acquired a few years earlier.

    As a result, Pharmacia & Upjohn Co. Inc., the subsidiary, was excluded from Medicare without ever having sold so much as a single pill. And Pfizer was free to sell its products to federally funded health programs."
  5. Don't hate the playa, hate the game.

  6. LOL :D
  7. pspr


    We are no longer a nation of laws. Now some are above the law.
  8. This is America. with money, you get the HONEY:)
  9. You got that right. Look what happened to A Andersen.
  10. schizo


    Well, I'm sure Unlce Sam is secretly enjoying his too-big-to-fuck penis.
    #10     Apr 6, 2010