Wednesday, March 2, 2016

Valient Pharmaceuticals Under Pressure for Fraud and Price Hiking.

Valient Pharmaceuticals which is managed by CEO Michael Pearson has been accused of accounting fraud to cover its books from auditors. The company moved operations to Canada previously to take advantage of more favorable foreign tax rate. This is what is called reverse inversion.
Regarding the fraud. Citron Research said that a recent lawsuit is evidence that Valeant is creating invoices "to deceive the auditors and book revenue."
“Valeant/Philidor have created an entire network of phantom captive pharmacies” to create fake sales of drugs or to avoid scrutiny from auditors, Citron said.

R&O Pharmacy has sued Valeant. In a lawsuit filed in federal court in California, R&O said it had gotten a letter from Valeant’s general counsel on Sept. 4 indicating that it owed Valeant more than $69 million. It had never received a previous invoice from Valeant for any amount.

Valeant's price increase history became a major focus. It has been accused of price increases of some of its drugs from 2013 to 2015. The company spokesman responded to the charges by saying Valeant's company spokesperson said "Our duty is to our shareholders and to maximize value"

These are just some glaring examples of pharmaceutical fraud. In Valient’s case there are multiple incidences, but we have shown this is the case with pharmaceutical companies. They do not care about the consumer. If people died using their drugs so what. It is all about money. Over charge, make profits people die they don’t care.

Tuesday, March 1, 2016

Kansas Mass Shooting Suspect was a Depressed Ex-Con

The man Cedric Ford, 38, suspected of killing three people at the Kansas lawnmower factory where he worked was served minutes before his shooting spree. The woman who initialed the court order said he had abused her, according to authorities.
Cedric Ford, 38, was armed with a .223-caliber assault-style rifle and a pistol. He fired opening and randomly at his coworkers for almost thirty minutes. He killed three and wounded fourteen.
According to the Wichita Eagle on its website the court order was from a former girlfriend. In the order she indicated Cedric Ford was an alcoholic, violent, depressed and in need of medical and psychological help.

A former girlfriend was also charged. She has been charged for giving him the gun. News reports indicate Sarah Hopkins faces 10 years in prison if convicted of giving the assault-style rifle and Glock .40-caliber handgun to Ford. Ford was a convicted felon so he was not allowed to have a gun or be near one.
Although President Obama wasted no time to bring up with event the day after the shooting to promote gun control. Clearly this is not a gun control issue as he was given the gun and now the girlfriend faces criminal charges.

This is about psychotropic drugs likely the shooter was given in jail while serving time by psychiatrist’s in prison. The court order which was served indicated that the abuses women and he was depressed and needed help. He has already gotten the failed help and turned it on innocent people.

Three people are dead because of psychiatry and Pharmaceutical drugs.