Does this bother you?
It obviously bothers the investors who wiped $1 billion off the share value of GSK after this story appeared.
Dr Peter Gøtzsche, the founder of the Nordic Cochrane Centre, recently described drug companies of behaviours which we would normally attribute to organised crime. He strikingly said
The main reason we take so many drugs is that drug companies don’t sell drugs, they sell lies about drugs.
A post I wrote a couple of years back about GSK being fined $3 billion mentioned that between 2009 and 2012 drug companies had paid $11 billion in fines. ProPublica summaries some of the biggest fines from 2009 to 2014 here.
An analysis by Dr Syndey Wolfe at the end of 2013 showed Big Pharma had paid $30 billion in fines from 1991 to 2012. He concluded
“There is a pathological lack of corporate integrity in many…
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