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Hello abbiesdad, rogershera,'38packard, fergen. What I said about J&J is true, and its not just J&J. Its just that the bigger you are... The industry also is positioned for a huge fall. Let me give you a quick update: They haven't found major cure in years. The number of significant breakthrough drugs can be counted on one hand: Lipitor, (Pfizer) Fosomax(Merck) Avandia (GlaxoSK) and Viagra (Pfizer) The rest is the same old - few new molecules, few new ideas. The supposed R&D that goes on is (65%) to evergreen existing pills - longer acting versions, different forms of the same old (liquid, patch etc.) or they combine it with some other active ingredient.In a recent issue of the Journal of the Ammerican Medical Association, Harvard University Professors advise physicians not to prescribe new drugs to their patients because their safety has not been established DESPITE FDA APPROVAL. Adverse reactions is the leading cause of death in the U.S.
A study by the National Institute for Health Care Management just reported that only 15% of new drug approvals in the nineties were for new active ingredients and provide significant improvement over existing drug therapies. How long do you think it will be before the public wakes up and stops paying outrageous prices for a myriad of new pills, all of which cause side effects and pose risk, and most of which do little or nothing for their health? Between 1993 and 2000 seven lethal drugs, one of them Propulsid -killed officially 1002 people and had to be withdrawn. Did you own J&J stock then. Do you feel responsible? If you did, you should. The real death toll by the way is much higher. Let me be very clear: without blockbuster drugs like Propulsid and Viagra both responsible for hundreds of deaths - these companies aren't worth the paper they are written on. That's why those in charge keep them on the market even when they see them killing innocent people. And so I think every right thinking person has to ask themself - Do I want make money this way? If so, how long can the house of cards last? Note: A whistle blower recently apopeared on Oprah. He was unhappy with crooked marketing at his company (a drug manufacturer) and went to the feds. He received a finders fee of alomost $ 78 M. Yes $78 M. The company was fined $ 875 M. A couple of those at J&J - and one payout in a class action is coming soon with Propulsid- and you guys are all going to be working until you are seventy. By the way I must say I was surprised at the hostility in some of the messages I received back. Is this discussion page just for J&J employee/shills or can't anyone contribute? Or is it just a place where investors who already own J&J stock make each other feel secure. Isn't anyone interested in a contrary opinion? In case any of you doubt my claims watch the current investigation into Pfizer and Neurantin. From a rumour I hear and don't believe at all 3000 doctors took $ 60 M in kickbacks to market the drug off label up to $ 1.5 B in sales with fabricated evidence... That, by the way is illegal and should be. These are the people that protect our loved one's health? Still sure you want to make your money this way? No one at J&J would vere do anything like that I'm sure. Those of you who work for J&J please don't respond, you embarrassed yourself last time. You'd be better spend your time polishing your resume. You'll probably need it. When the time comes I promise not to say told you so. Foretold.
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