June 23, 2009 10:33 AM
- Text
Ranbaxy Fake Data Mess Reaches Walmart as Union Finds Protest Toehold
(MoneyWatch) The fallout from the FDA's probe of Ranbaxy continues to spread, this time to Walmart. BNET noted in March that Ranbaxy, currently the most dysfunctional drug company on the planet, was caught faking data but the FDA was continuing to approve it drugs.
Now the United Food and Commercial Workers International Union is drawing attention to Walmart's supply of generic drugs from the Indian generic giant. The union's anti-Walmart site, Wake Up Walmart, has a detailed piece about Walmart and Ranbaxy. The site says:
The ongoing turmoil at Ranbaxy has thus far led the exit and replacement of its chairman, and an uncomfortable series of meetings with the FDA.
The company also missed a deadline for production of generic Nexium for AstraZeneca -- a deal Ranbaxy had forced out of the company after launching a patent challenge.
Now the United Food and Commercial Workers International Union is drawing attention to Walmart's supply of generic drugs from the Indian generic giant. The union's anti-Walmart site, Wake Up Walmart, has a detailed piece about Walmart and Ranbaxy. The site says:
Walmart's use of a corporate bad actor to cut costs, however, deserves significant scrutiny.The FDA banned imports from two Ranbaxy plants in 2008 and halted reviews of product from one Ranbaxy lab in 2009, the site says. Ranbaxy has also been the subject of attention from the Department of Justice and Congress.
The ongoing turmoil at Ranbaxy has thus far led the exit and replacement of its chairman, and an uncomfortable series of meetings with the FDA.
The company also missed a deadline for production of generic Nexium for AstraZeneca -- a deal Ranbaxy had forced out of the company after launching a patent challenge.
Latest Now in MoneyWatch
- Could "web-lining" be dangerous?
- Insurers respond cautiously to contraceptive plan
- Judge: Legally, breastfeeding not related to pregnancy
- Budget deficit drops to $27 billion in January
- Why the Powerball Jackpot is part of my investment strategy
- Is the new VW Beetle diesel worth the money?
- Consumer sentiment highlights risks to recovery
- Valentine blues? 10 best cities to be single
- December trade deficit widens to $48.8 billion
- Alcatel-Lucent returns to profit in 2011
- 6 things never to say in a performance review
- $26B mortgage deal: Who gets the money?
- Friendly's CEO steps down
- Quarterly loss hits $3.3B at Postal Service
- Greeks rail against cuts as EU demands more
- 6 things you should never share on Facebook
- Make moves now to increase financial aid
Latest CBS News Headlines
on Facebook
on CBS News
- Czech president to be elected in public vote
- Czech president to be elected in public vote
- Barbie's wardrobe celebrated at Fashion Week bash
- Spain: arrests at anti-labor market reform protest
on Facebook
- Adele sings a cappella for Anderson Cooper
- Beyonce and Jay-Z post first photos of Blue Ivy Carter
- Occupy protestors kicked out of CPAC
on CBS News






