Here is the side of the free market economy you will not hear about in any of our esteemed MBA programs.
22,000 died amid delayed Bayer drug recall: doctor
NEW YORK (Reuters) - The lives of 22,000 patients could have been saved if U.S. regulators had been quicker to remove a drug used to stem bleeding during open heart surgery, according to a medical researcher interviewed by CBS Television's program.
The drug Trasylol was withdrawn in November at the request of the after an observational study linked the medicine to requiring dialysis and increased death of those patients.
It had been given to as many as a third of all heart bypass patients in the United States at the height of its use over a period of many years, according to the report.
Dr. Dennis Mangano, the study's researcher, said during the program that 22,000 lives could have been saved if Trasylol had been taken off the market when he first published his study in January 2006, according to a CBS News report on its Web site ahead of a broadcast slated for next Sunday.
He said in the broadcast that Bayer failed to disclose to the FDA during an FDA advisory panel meeting in September 2006 -- at which Mangano's negative findings were discussed -- that the German drugmaker had conducted its own research which confirmed the same dangers established by his study.
The chairman of the FDA advisory panel, Dr. William Hiatt, told 60 Minutes he would have voted to remove Trasylol from the market had he been informed about Bayer's study, according to the CBS report.
Bayer spokeswoman Meredith Fischer said she could not comment about the broadcast until it is aired, including allegations that the drugmaker had failed to protect patients.
She said Bayer is facing a number of filed by patients who had taken the medicine or their families, but said she not know how many lawsuits were filed.
(Reporting by Ransdell Pierson; Editing by Gary Hill)
The most upsetting part about this slaughter of patients is that it was knowing on the part of both Bayer and US government, who refused to take this drug off the market after it was privy to the medical reports linking the use of Trasylol to kidney failure--never mind that Bayer had its own suppressed study with the same conclusions.
One thing I have to say about the system in China, had this happened in the People's Republic the Bayer CEO, boards of execs, and FDA administrators would be criminally liable and receive the ultimate treatment, which should be of no consequence since this company (with FDA collusion [until too many people complained]) murdered 22,000 people. Of course, the 22,000 are only the ones who could have been saved after Trasylol's fatal linkages were revealed. It is likely that this drug killed, over the course of four decades worth of common usage (with 22,000 deaths estimated between 2006-2007), well over 250,000 people during its career of tainting the human population.
And yet notice, this is the kind of story, and perspective, you will not see on Fox's Cavuto on Business or the screeches of CNBC's Jim Cramer. No, it is just another day of commerce. Human life only matters when it is done as a crime of passion, perversion, or if the materially-motivated killers made the mistake of taking life without legal sanction and allowance of contract. No, that is the only true evil in our system. Those 22,000 people who were murdered because they helped some stockholders make money warrant only a "warning" about the dangers of potentially ending up like them.