Corruption in the pharmaceutical trade – Abbot Laboratories
#MedicalMisconduct #Abbott Corruption in the pharmaceutical trade – Abbot Laboratories By Ronald Gibson 17 July 2017 Abbott Alkaloidal Company was founded in 1888 by Dr Wallace Calvin Abbott. This fledgling company innovated the use of the active molecules in medicinal plants, most notably alkaloids like morphine, strychnine, quinine, and codeine, into dosimetric granules, much like some naturopathic compounds of today. Abbott quickly spread its wings into an international company with many diverse products, by 1965 establishing interests in Canada, Pakistan, Japan, Europe and India, with Abbott at present being the largest healthcare products company in India. The first official smudge in their record occurred in 1966 when, according to Lester Grinspoon and Peter Hedblom’s book, “The Speed Culture: Amphetamine Use and Abuse in America”, Abbott sold two million doses worth of methamphetamine in powder form to a Long Island criminal dealer. It seems Abbo...