Another J&J Recall?

The FDA accused Johnson and Johnson (J&J) of selling insulin pumps last year after learning of malfunctions with the devices. I would expect J&J to take corrective actions to ensure there are not making the news because of unethical practices such as this. 

Based on its Credo, J&J professes to be a company that thrives to be compliant and ethical. However, J&J has been plagued with a history of a series of safety recalls and FDA warnings over the last two years.  As matter of fact, J&J the world’s second-biggest seller of health-care products pulled dozens of brands of over-the-counter medicines in 2010. I think the pressure to have strong earnings is becoming the priority for this company.  Do you agree?

http://www.businessweek.com/news/2012-01-11/j-j-sold-insulin-pumps-after-learning-of-defects-fda-says.html

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About Mark P. Holtzman

Chair of Accounting Department at Seton Hall University. PhD from The University of Texas at Austin. Worked at Deloitte's New York Office. BSBA from Hofstra University.

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