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?