Congress Invests: The Fix Is In, For Pfizer And JNJ

Open Secrets has;

A ranking of the Investments members of the US Congress made for Their Own enrichment.

And remember, your Congress Critters are EXEMPT From Insider Trading Penalties.

Most Popular Congressional Investments, 2010

Pfizer/Zoloft ranks number 6, and J&J/Risperdal ranks number 8

Most Popular Congressional Investments, 2010

Just like many Americans, our elected officials like to play it safe with their investments, betting largely on blue chip companies across diverse industry groups. The chart below shows the most common assets among all members of Congress who served during all or part of 2010, ranked by the number of members invested in them, with breakdowns by party.

Select a year:
2010 2009 2008 2007 2006 2005 2004

House Senate Congress - both House and Senate

Rank	Organization	Total Investors	Democrat Investors	Republican Investors
1	General Electric	94	46	48
2	Procter & Gamble	74	33	41
3	Cisco Systems	72	33	39
4	Microsoft Corp	70	28	42
5	Bank of America	68	28	40
6	Pfizer Inc	61	27	34
7	AT&T Inc	57	20	37
8	Intel Corp	54	24	30
8	Johnson & Johnson	54	18	35
8	Verizon Communications	54	22	32
11	Exxon Mobil	53	14	39
12	Apple Inc	51	21	30
13	Coca-Cola Co	49	22	27
13	JPMorgan Chase & Co	49	19	30
15	PepsiCo Inc	47	22	25
16	Wells Fargo	45	19	25
17	Berkshire Hathaway	43	18	25
18	Walt Disney Co	41	19	22
19	Home Depot	40	16	24
20	Hewlett-Packard	38	15	23
20	McDonald's Corp	38	17	21
22	Merck & Co	37	14	23
22	Citigroup Inc	37	15	22
24	Abbott Laboratories	35	11	24
25	Wal-Mart Stores	31	12	19
26	3M Co	30	16	14
26	Oracle Corp	30	13	17
28	Apache Corp	29	10	19
29	Qualcomm Inc	28	12	16
30	Google Inc	27	10	17
31	Ford Motor Co	26	8	18
31	Conocophillips	26	7	19
31	Goldman Sachs	26	9	17
31	Time Warner	26	14	12
35	United Technologies	25	9	16
35	Chevron Corp	25	8	17
35	Bristol-Myers Squibb	25	7	18
38	BP	24	2	22
38	Amgen Inc	24	9	15
38	Duke Energy	24	10	14
38	Emerson	24	8	16
38	Kraft Foods	24	10	14
38	Teva Pharmaceutical Industries	24	12	12
44	Schlumberger Ltd	23	7	16
44	EMC Corp	23	13	10
44	Comcast Corp	23	12	11
44	Altria Group	23	6	17
48	CVS/Caremark Corp	22	7	15
49	Devon Energy	21	6	15
49	Caterpillar Inc	21	8	13

Note: Senate, House, Executive branch and Judicial rules require the disclosure of items belonging to the filer's spouse and/or dependent children. When present, those items are displayed on this page and are included in all calculations throughout this section.

Feel free to distribute or cite this material, but please credit the Center for Responsive Politics. For permission to reprint for commercial uses, such as textbooks, contact the Center.

Thank You Very Much, Open Secrets, and a hat tip to Ms Tracy Staton at Fierce Pharma for the heads up. And what is it that Congress is Buying, for their Own portfolios?

Allen Jones Full Whistleblower Report pg 23:

"Journalist Robert Whitaker, via the Freedom of Information Act gained access to FDA data on

the drug trials for the Atypicals Risperdal, Seroqual and Zyprexa. Whitaker found that:

1. One in every 145 patients who entered the trials died, and yet those deaths were never

mentioned in the scientific literature.

2. The trials were structured to favor the Atypicals and most of the study reports were

discounted by the FDA as being biased.

3. One in every thirty-five patients in Risperdal trials experienced a serious adverse event, defined by the FDA as a life threatening event or one that required hospitalization.

4. Twenty-two percent of patients in Zyprexa trials suffered serious adverse events

5. The Atypicals did not demonstrate superior effectiveness or safety over Typical

antipsychotics.

It is important to note that a drug company does not have to prove that a new drug is safer or

more effective than an old drug to gain FDA approval. Essentially, the manufacturer has to

demonstrate that the drug is proved to yield better results than placebo in a statistically

significant number of patients in short-term trials (6-8 weeks).

And then there's This revolting admission on the 2005 Risperdal FDA Label:

Suicide attempt was associated with discontinuation in 1.2% of RISPERDAL!-treated patients compared to 0.6% of placebo patients, but, given the almost 40-fold greater exposure time in RISPERDAL! compared to placebo patients, it is unlikely that suicide attempt is a RISPERDAL!-related adverse event (see PRECAUTIONS). Discontinuation for extrapyramidal symptoms was 0% in placebo patients, but 3.8% in active-control patients in the Phase 2 and 3 trials.

Yeah, a 100% Increase in actual Suicide Attempts, but it's probably not the drug which is Inflicted/Marketed as a Suicide Preventative, ......... .

You might also want to read through some State Attorneys General Lawsuits Filed against the makers of J&J's Risperdal, because you gotta figure those State Attorneys Generals didn't just rip the allegations contained therein out of their Ears before they took J&J's Risperdal into Court.

State of Texas, 3rd Amended Petition

http://freepdfhosting.com/420b178a4d.pdf

State of Arkansas

http://www.psychsearch.net/documents/tmap/arkansas_lawsuit.pdf

Commonwealth Of Massachusetts

http://freepdfhosting.com/6808cdeac4.pdf

And then there's this slip opinion from Justice Crouch in South Carolina, characterizing the Risperdal Gang, as he ordered them to Pay $327 Million to the State, as "Detestable".

http://freepdfhosting.com/d4bad152b5.pdf

Below, we've previously shared out that particular 'Detestable'.

http://psychroaches.blogspot.com/search/label/South%20Carolina

"this Court finds the actions of the Defendants, upon this audience, to be detestable."

"Annual Sales of Risperdal worldwide per annual reports of Johnson & Johnson, Inc.

1994: $0.172 Billion

1995: $0.343 Billion

1996: $0.502 Billion

1998: $0.588 Billion

1999: $0.892 Billion

2000: $1.083 Billion

2001: $1.845 Billion

2002: $2.146 Billion

2003: $2.512 Billion

2004: $3.05 Billion

2005: $3.552 Billion

2006: $4.180 Billion

2007: $4.697 Billion

2008: $1.309 Billion

2009: $1.425 Billion

2010: $1.50 Billion

Total for the period: $29.796 Billion

Testimony at trial indicated that the profit margin for sales of Risperdal was 97% or $28.90 Billion for the period of 1994-2010"

And there's more 'Detestable' from J&J and their Risperdal gang. There's Always More Detestable. Like this Detestable, where 40 State AGs are looking into Joining the Detestable fray, which Never should have been Allowed, BY DC's FDA, to have Detestabled in the First place:

http://psychroaches.blogspot.com/2011/08/j-feds-reach-deal-on-one-risperdal.html

After J&J Failed 48% of 161 FDA Inspections in One Year

http://psychroaches.blogspot.com/2011/05/congress-deeply-troubled-with-fdaj.html

And Pfizer's Zoloft? Google Zoloft for an image search.

Are you going to Pay Attention from now until Election Day?

Are you going to call your current Elected Representatives and ask them What, they think they're doing?

Or perhaps you'd like to MAIL Them the State Attorney General Legal Filings, and ask them What in the Hell they think they're doing.



Thank You 60 Minutes.

Washington DC: The town that started out as a swamp and grew into a sewer.

BNET's Johnson & Johnson Archive: A Reader

IF, you're interested in the trials and travails of Johnson & Johnson, the parent organization of Janssen, McNeil, Ortho - the ringleaders of the psycho/pharmaceutical scam called the Texas Medication Algorithm Project (see Allen Jones Full Whistleblower Report) - you'll also find BNET's series of J&J reports Fascinating, ........ Simply Fascinating.

http://www.bnet.com/topics/johnson+%26+johnson

And for a 'Plain English' guide to TMAP, you'll enjoy the Bonkers Institute For Nearly Genuine Research's

Schizophrenia Treatment In Seven Easy Steps

Thank You, Very Much, BNET and the Entire Staff at the Bonkers Institute.

Risperdal On Trial In Texas For A Billion Dollars

Pharmalot has;

Lawsuit Over J&J Risperdal Marketing Can Proceed

"A Texas state court has ruled that a trial can proceed against Johnson & Johnson’s Janssen unit for allegedly using false advertising and improper influence - such as grants, trips and other perks - to ensure its Risperdal antipsychotic was placed on the mandatory protocol for the Texas Medication Algorithm Project, a state system protocol for treating psychiatric disorders.

The original lawsuit was filed in 2004, .....

Read the Texas AG's Third Amended petition.
http://freepdfhosting.com/420b178a4d.pdf

The allegations contained therein are Quite an education all in themselves as to the business of selling psychiatric thought bashers.

J&J's Janssen had this to say;

“Janssen is prepared to vigorously defend itself against these claims. We are committed to ethical business practices, and have policies in place to ensure that our products are only promoted for their FDA-approved indication.”

Are Janssen's "ethical business practices" This Years model, or are they the same "Ethicals" they were practicing in 2004? Because if they're the Same "Ethicals" from 2004, ..... Why didn't Janssen just go to trial in 2004 and prove to a jury that their "Ethicals" trumped Mr. Jones and the AG's allegations, .... instead of spending 6 to 7 Years trying to keep it out of court?

2004, and the quacks peddling the stuff at consultation cubicle level, ..... had No trouble at all continuing to peddle it.

Back in 2009 we did a little digging into the TMAP crowd.

TMAP: Players, Part I

TMAP: Players, Part II

Here's some essentials from RTTNews.com

Jury To Hear $1 Billion Lawsuit Against J&J Unit

Medi-Cal Recertification in San Francisco

"There were no outstanding issues, and no Plans of Correction. He actually clarified some of the past zealousness which we have been accustomed to from that office! He was actually apologetic when he heard of some of the excessive requirements which were enforced in previous visits."


WHY?

"Mr. Griffith was very substantive and inquisitive during his reviews, but summarized his visit by saying these are the BEST county-run programs he has ever reviewed"


Considering the Independent Auditor's Report we had in our last post, on RAMS, if these facilities are the BEST Mr Griffith has reviewed, What the Hell does that say about the Other programs Mr Griffith has reviewed?

", ..... and all of the beleaguered Program Managers who directed and hand-held the program staff, especially those double-dutied as program directors."
























Such a dramatic, City Wide Improvement in Re-Certifying for Medi-Cal reimbursement – in light of the Independent Auditors review of Richmond Area Multi Services Utter Inability to Diagnose Itself in a well lit room – invokes a credibility commensurate with the Virgin Mary intentionally revealing her image in a Chicken McNugget.

“managing an angry client while demonstrating the security of medical records”

Were those Medical Records needing security the records of that Angry Client?

What might have angered that Client involving the Security of those Medical Records?

If, the Program Staff were competent, Paid Adults engaged in the LAWFUL execution of their assigned functions, Why, did Staff need Hand Holding, when Medi-Cal reimbursement recertification had their work under inspection? Or was it just that Paid, Program Staff need Hand Holding all the time?

We gotta wonder what else those Program Staff might need to have held by their Program Managers and Directors if the next Medi-Cal Recertification inspection they receive is from the Office of the California State Attorney General?

Now we’re not implying that anybody DROVE OFF WITH A FREE TRUNKLOAD OF SINGLE MALT SCOTCH, here, but, it’s not as though, ahhem, ..... gratuities, are unheard of: by Greg Abbott, the State Attorney General of the State, excuse us, Republic, of Texas where the hustle known as TMAP took root.

Risperdal, The Eyes of Texas Are Upon You.

California, like Michigan, adopted TMAP and craftily improved upon the original by replacing the letter T, with the letters Cal, for its own pointy headed little pharmaceutical profit packer called CalMAP.

What a shame it would be if California had to declare Bankruptcy, just because the stones in Medi-Cal philodendron pots were left unturned, as tens of thousands of California’s children continue to be crippled and turned into burnt out speed freaks by State licensed, drug pushing billing clerks playing at being Doctors.