Charles Piller
π€ SpeakerAppearances Over Time
Podcast Appearances
But all along, the FDA, from its own inspectors, knew that there were problems with these data. They knew from press reports and from whistleblowers that there were problems in the basic science research. Apparently altered images left and right. Many, many examples of this. Even questions about the fundamental scientific idea behind the drug and how it was learned.
So you have that going on for years, and the FDA didn't step in and stop the trials. Ultimately, quite recently, the company collapsed because they finally had to admit that the phase three trials of their drug failed. the value of the company shrunk by 85% literally in one day.
So you have that going on for years, and the FDA didn't step in and stop the trials. Ultimately, quite recently, the company collapsed because they finally had to admit that the phase three trials of their drug failed. the value of the company shrunk by 85% literally in one day.
So you have that going on for years, and the FDA didn't step in and stop the trials. Ultimately, quite recently, the company collapsed because they finally had to admit that the phase three trials of their drug failed. the value of the company shrunk by 85% literally in one day.
I might add that even after one of the important scientists involved with this company was indicted for fraud by the Department of Justice, the US Department of Justice, this almost never happens.
I might add that even after one of the important scientists involved with this company was indicted for fraud by the Department of Justice, the US Department of Justice, this almost never happens.
I might add that even after one of the important scientists involved with this company was indicted for fraud by the Department of Justice, the US Department of Justice, this almost never happens.
Even after that, even after the company was forced to pay $40 million in fines to the Securities and Exchange Commission, and even after two of the top officers of the company were ousted from their jobs and forbade from becoming officers or directors of companies for years, even after all this, the FDA didn't step in and say, oh, wait, we've got to do something about this.
Even after that, even after the company was forced to pay $40 million in fines to the Securities and Exchange Commission, and even after two of the top officers of the company were ousted from their jobs and forbade from becoming officers or directors of companies for years, even after all this, the FDA didn't step in and say, oh, wait, we've got to do something about this.
Even after that, even after the company was forced to pay $40 million in fines to the Securities and Exchange Commission, and even after two of the top officers of the company were ousted from their jobs and forbade from becoming officers or directors of companies for years, even after all this, the FDA didn't step in and say, oh, wait, we've got to do something about this.
They just let the trial run its course. They let thousands of patients take this drug for a long time.
They just let the trial run its course. They let thousands of patients take this drug for a long time.
They just let the trial run its course. They let thousands of patients take this drug for a long time.
You have this company that's fraudulently taking, I forgot what, $16 million in NIH grants. Why is the FDA allowing that?
You have this company that's fraudulently taking, I forgot what, $16 million in NIH grants. Why is the FDA allowing that?
You have this company that's fraudulently taking, I forgot what, $16 million in NIH grants. Why is the FDA allowing that?
Let me frame the word fraud and what it means. It's a legal term that one has to use carefully because it has to be proven in court. But what I would say is that this company has been shown to engage in behavior that caused federal agencies to step in and really crack down on them in a dramatic way.
Let me frame the word fraud and what it means. It's a legal term that one has to use carefully because it has to be proven in court. But what I would say is that this company has been shown to engage in behavior that caused federal agencies to step in and really crack down on them in a dramatic way.
Let me frame the word fraud and what it means. It's a legal term that one has to use carefully because it has to be proven in court. But what I would say is that this company has been shown to engage in behavior that caused federal agencies to step in and really crack down on them in a dramatic way.
And why hasn't the FDA stopped the trials if that was going on?