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HomeOff Topics News & Politics › Leading generic drug maker faked test results for FDA approval
11-07-2013 08:17 AM  4 years agoPost 1
dilberteinstein

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(CBS News) Eighty percent of the drugs prescribed to Americans are generic drugs. They have to be approved by the FDA, usually after years of testing. Many of those drugs are made in India, and it turns out a leading manufacturer, Ranbaxy, often skipped the required steps for approval of its generic drugs.

Thakur found Ranbaxy's drugs for illnesses like AIDS, heart problems and infections had no proof that they were effective. His findings were presented to Ranbaxy executives in 2005. But he says nothing was done.

"I was dumbfounded," he says. "I've worked in this industry for 11 years at that point and never seen such callous behavior."

Then, in 2011, while one arm of the FDA was investigating Ranbaxy for serious criminal violations, another arm of the FDA was approving the company for the exclusive rights to make the generic version of one of the most popular pharmaceuticals of all time: Lipitor -- a decision by the FDA that reportedly earned the company $600 million in the first six months.

The federal investigation based on Dinesh Thakur's allegations led Ranbaxy to plead guilty to seven felonies.

http://www.cbsnews.com/8301-18563_1...r-fda-approval/

Welcome to the new world. Lie, cheat, steal...Obama fits right in.

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