<\/p>\n
As healthcare reform hits a historical turning point (for better or worse), Jim Edwards at BNET Pharma reminisces about some of the most screwed up drug companies’ in 2009.<\/p>\n
They’re a nice reminder of how dangerous investing in drug companies can be. You really never know what kind of huge, random disaster is going to pop up.<\/p>\n
Such as this:<\/p>\n
BNET Pharma:<\/a> <\/strong><\/p>\n Genzyme (GENZ)<\/strong> –<\/strong> Your company holds a monopoly on a drug for Gaucher’s disease. It’s a license to print money. How do you screw this up? Do what what Genzyme did: Introduce a bunch of garbage — literally bits of rubber and metal — into your drugs. Have this come after one of your sites was infected with a virus.<\/strong> Get two new drugs rejected by the FDA and have a third one dropped during R&D. Meanwhile, make sure your CEO spends the year enriching himself with a $10 million stock sale on top of $50 million in compensation over the previous three years. That’s why Genzyme ended the year with Genzyme’s founder calling for CEO Henri Termeer to resign.<\/p>\n Continue reading the five worst drug companies at BNET Pharma >><\/a><\/p>\n Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n As healthcare reform hits a historical turning point (for better or worse), Jim Edwards at BNET Pharma reminisces about some of the most screwed up drug companies’ in 2009. They’re a nice reminder of how dangerous investing in drug companies can be. You really never know what kind of huge, random disaster is going to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-101194","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/101194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=101194"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/101194\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=101194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=101194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=101194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
<\/p>\n","protected":false},"excerpt":{"rendered":"