Johnson & Johnson announced late yesterday that they will lay off most of the employees of the Philadelphia-area factory that produced the controversial musty, stinky pills recalled earlier this year. Staff have been on full pay and benefits since the plant shut down in April, but the controversial (that is: filthy) facility will close down for upgrades until some undefined point in 2011. [More]
drug lords
Teva Pharmaceuticals: The Ubiquitous Company You've Never Heard Of
By 5.12.10
Generic prescription drugs are just that: generic. Most patients don’t think much about who actually manufactures them. It’s pretty likely, however, that you have something in your medicine cabinet manufactured by Israel’s Teva Pharmaceutical Industries Ltd. A profile of the company in this past weekend’s New York Times is fascinating. Most interesting of all: while the company is sensibly frugal enough to make Captain Moneycat purr, they refuse to move manufacturing to China or India, as many of their competitors have. [More]
