Friday, June 24, 2011

How One Pharma Allegedly Covered Up Illegal Drug Sales — by Phone! | BNET

Eisai (4523.T), a Japanese company that makes the cancer drug Ontak, drew up a marketing plan which consisted mostly of illegal activity, according to a whistleblower lawsuit filed by a former employee. Drug companies are frequently accused of juicing sales by unlawfully promoting drugs for unapproved, “off-label” purposes and then trying to cover up the evidence afterward. Eisai allegedly went a step further than that: The coverup was the marketing plan, the suit suggests.

It illustrates the old management adage: secrecy is not a marketing plan. If your brands depend on black ops then you’ve already failed.

Posted via email from Jack's posterous

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