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Keyword: forestlabs

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  • The Administration targets a drug CEO in a troubling precedent.

    05/03/2011 8:05:16 AM PDT · by WOBBLY BOB · 11 replies
    WSJ ^ | 5-2-11 | Kathleen Spitzer
    HHS this month sent a letter to 83-year-old Forest Labs CEO Howard Solomon, announcing it would henceforth refuse to do business with him. What earned Mr. Solomon the blackball? Well, nothing that he did—as admitted even by HHS. In any case, the federal complaint contained no suggestion that Mr. Solomon was involved with, or even aware of, misconduct. And the question of his continued leadership was never part of the plea deal. Only after a federal court ratified the deal in March did HHS drop its intent-to-ban bomb. Mrs. Sebelius unearthed a dusty provision in the Social Security Act that...
  • U.S. Effort to Remove Drug CEO Jolts Firms (Obama Targets Individual Businessmen!)

    04/26/2011 7:42:12 AM PDT · by SoFloFreeper · 62 replies · 1+ views
    Wall Street Journal ^ | 4/26/11 | Alicia Mundy
    A government attempt to oust a longtime drug-company chief executive over his company's marketing violations is raising alarms in that industry and beyond about a potential expansion of federal involvement in the business world. The Department of Health and Human Services this month notified Howard Solomon of Forest Laboratories Inc. that it intends to exclude him from doing business with the federal government....