Pfizer Vice President: Our Image Stinks
The Scotsman writes that a senior Pfizer executive has admitted the drugs industry suffers "crippling cynicism" from the public about its motives and the huge profits it makes.
"Jack Watters, Pfizer's vice-president of medical and regulatory affairs for Europe, Latin America, Africa and the Middle East, said drugs companies were partly to blame because they have failed to promote the positive contributions they make to society.
Films such as The Constant Gardener, based on a fictional novel by John Le Carré, helped perpetuate the idea that drugs companies put profit above everything else, he said. "
Sounds like yet another delusional corporate officer.
Tip: It doesn't take more "spin" to improve pharma's reputation. People know you make drugs that save lives. They also know you don't do this out of the goodness of your hearts. And they know that when you have a choice between doing the right thing and making money, not even half of your own employees think you'll do the right thing. Now that may take a bit more than "spin control" to change. You may actually HAVE to change.
This bright Pfizer spokesperson continues: "I don't think anyone in this world has the moral authority to decide what a reasonable profit is and what's not."
And of course this is what he thinks. After all, when the top ten drug companies made more money than all the other Fortune 500 companies combined a couple of years ago, this was as it should. And if one drug company could make more money than all the other companies in the entire world, this is of course also OK. At least if you are a drug company spokes person.
Hat tip: PharmaGossip