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Pharmaceutical Stocks- One of the Despicables Gets Smoked

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

Most of us would agree that there are few industries as despicable as pharmaceuticals. Price-gouging, price-fixing, collusion, bribes, you name it. They try to put a halo around their heads in the name of “helping” people, but there’s no entity more devious.

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Heartening, then, it was to see virtually every state in the U.S. join a federal lawsuit slamming generic pharma companies – – and their senior executives!!! – – for price fixing. As the general population begins to suffer in the years ahead, the “Revenge Society” is going to amplify and spread out. This is a taste of what is it come. I’d say TEVA is hosed at this point.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

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