At this point, many of you are probably waiting for an explanation. Here it is, from Saturday's Washington Post:
Pfizer has reached a broad agreement to pay millions of dollars to Nigeria's Kano state to settle a criminal case alleging that the drug company illegally tested an experimental drug on gravely ill children during a 1996 meningitis epidemic.
The details remain private, but sources close to the negotiations said the total payments -- including those to the children, their families, the government and the government's attorneys -- would be about $75 million under the current settlement terms. Other details, including how the money will be distributed, are to be worked out within weeks.
Nigerian authorities say Pfizer's infamous trial of the antibiotic Trovan killed 11 children and disabled scores more. The world's largest drug company says the deaths and injuries were the result of meningitis.
Here's a neat game. Imagine what would happen to you if you were responsible for the deaths of 11 children. Or for that matter, what would have happened if Pfizer had killed 11 American children. Visualize this for awhile and you'll start to see why I am so anxious to get my IPO off the ground. Because when you're a multinational corporation, as opposed to a mere human, you can go shopping for where life is the cheapest. Kinda like when I go to Wal-Mart to save a nickel on Windex. Except when Pfizer goes shopping people end up dead. I would like to have this ability. The way Pfizer does.
But wait, it gets better:
Nigerian lawyers close to the negotiations, held over the past year in Nigeria, London and Dubai, told The Washington Post that Pfizer set a number of conditions, specifics of which remain undisclosed.
Soooooo....when you're a corporation, as opposed to a human, on the off chance that there is some modicum of accountability when you kill people, you get to set conditions before agreeing to your own punishment! Sigh. I'm tired of being snarky. Fuck this shit.
An attorney for the Nigerian government who spoke on the condition of anonymity said a sticking point in recent negotiations was Pfizer's request that authorities absolve the company of wrongdoing.
Absolve the company of wrongdoing.
...the company relied on a falsified ethics approval letter. Researchers also gave children substandard doses of a comparison antibiotic, the articles added.
Fuck. You. Pfizer. I don't care if you can make my willy hard.
Wait, maybe I'm being unfair, after all, this company does have the power to make my willy hard. Let's see what Pfizer has to say:
Pfizer defended its drug trial in a 2007 statement, saying it was conducted safely, legally and "with the full knowledge of the Nigerian government." The company said Trovan demonstrated the highest survival rate of any treatment at the field hospital.
Remember the part about substandard doses of a comparison antibiotic? Yup. Pfizer defended itself by saying its antibiotic did better than than another that was being given at too low of a dose. The result? Pfizer gets fined about 14 hours of its fiscal 2008 revenue. The equivalent of fining me about $750.
Except I didn't forge anything. Or design a flawed scientific study. Or kill anyone. Like Pfizer did.
I need to talk to a lawyer about incorporating myself tomorrow.
Thanks to The PharmD Student for pointing me to the story.