Schering-Plough says it operates with integrity — now, anyway

From the Dallas Business Journal:

Texas will receive more than $15.7 million under a national settlement with pharmaceutical company Schering-Plough Corp., Texas Attorney General Greg Abbott said Thursday. Texas and all other states accused Kenilworth, N.J.-based Schering-Plough (NYSE:SGP) of failing to provide the Medicaid program with the lowest drug prices…

Brent Saunders, senior vice president for the company’s global compliance and business practices, said that since April 2003 when new management joined Schering-Plough and launched an action agenda, the company has made great strides in building a company that centers around business integrity.

“New management” for Big Pharma is the equivalent of putting a new sheepskin on the wolf. It will carry Schering-Plough until its next scandal, when “new management” will come to the PR rescue again.

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