Bonkers: Sell Eli Lilly stock now

Coming in 2011: The end of Eli Lilly as we know it.
Urgent message to Lilly shareholders: Sell now.


"No country can afford not to have periodic showcase prosecutions of serious corporate abuses to foster deterrence.
          – John Braithwaite, Corporate Crime in the Pharmaceutical Industry (Routledge, 1984)

To prepare for the drama that's about to unfold, here's a little history.

On Jan. 30, 2009, Eli Lilly and Company pleaded guilty to a violation of the Federal Food, Drug, and Cosmetic Act (FDCA). The Court sentenced Lilly to pay a criminal fine of $515 million and asset forfeiture of $100 million, the largest criminal fine imposed against an individual defendant in the history of the United States.

The Government believed this historic criminal fine reflected the seriousness of the offense and Eli Lilly's earlier violations of the FDCA. The Government believed the criminal fine would promote respect for the law, and that the sentence would deter Eli Lilly from further unlawful promotion of its pharmaceutical products. The Government believed a criminal fine of this magnitude would serve as general deterrence to others who might be tempted to go down the road of off-label marketing.

Under the Corporate Integrity Agreement (CIA) between Lilly and the U S. Department of Health and Human Services, the parties agreed that Eli Lilly would not be placed on probation. However, the agreement imposed a strict compliance program to ensure that Lilly's criminal conduct would not recur.

Eli Lilly is subject to exclusion from Federal Health Care programs, including but not limited to Medicaid, for a material breach of the CIA. A material breach includes failure by Lilly to report a reportable event and take corrective action. A reportable event means anything that involves a matter that a reasonable person would consider a probable violation of criminal, civil, or administrative laws applicable to any Federal Health Care program and/or applicable to any FDA requirements relating to the promotion of Lilly products.

The CIA applies to Eli Lilly employees and all contractors, subcontractors, agents and other persons who perform promotional and product services on behalf of Lilly.   Exclusion will have national effect and apply to all other Federal procurement and nonprocurement programs.

Shareholder lawsuits filed against the company for engaging in a long list of illegal activities were settled in March 2010, with Lilly agreeing to abide by strict new measures guaranteeing that matters affecting patient safety and benefit shall be of paramount importance. 

That's the background story, in a nutshell. Future WikiLeaks to follow.
For details regarding the precise nature of the substance that will soon be hitting the fan, watch this space"....
http://www.bonkersinstitute.org/goodbyelilly.html




We hope Lilly stockholders get the bath they need.


Thanks and a tip of the Mad Hatter's Hat to 
The Bonkers Institute - http://bonkerstinstitute.org

The Hidden Tragedy of the CIA's Experiments on Children

Mary is only five years old. She sits on a small, straight-backed chair, moving her legs back and forth, humming the same four notes over and over and over. Her head, framed in a tangled mass of golden curls, moves up and down with each note. For the first three years of her life, Mary was thought to be a mostly normal child. Then, after she began behaving oddly, she had been handed off to a foster family. Her father and mother didn't want her any longer. She had become too strange for her father, whose alcoholism clouded any awareness of his young daughter. Mary's mother had never wanted her anyway and was happy to have her placed in another home. When the LSD Mary has been given begins to have its effects, she stops moving her head and legs and sits staring at the wall. She doesn't move at all. After about ten minutes, she looks at the nearby physician observing her, and says, "God isn't coming back today. He's too busy. He won't be back here for weeks."

From early 1940 to 1953, Dr. Lauretta Bender, a highly respected child neuropsychiatrist practicing at Bellevue Hospital in New York City, experimented extensively with electroshock therapy on children who had been diagnosed with "autistic schizophrenia." In all, it has been reported that Bender administered electroconvulsive therapy to at least 100 children ranging in age from three years old to 12 years, with some reports indicating the total may be twice that number. One source reports that, inclusive of Bender's work, electroconvulsive treatment was used on more than 500 children at Bellevue Hospital from 1942 to 1956, and then at Creedmoor State Hospital Children's Service from 1956 to 1969. Bender was a confident and dogmatic woman, who bristled at criticism, oftentimes refused to acknowledge reality even when it stood starkly before her.

Despite publicly claiming good results with electroshock treatment, privately Bender said she was seriously disappointed in the aftereffects and results shown by the subject children. Indeed, the condition of some of the children appeared to have only worsened. One six-year-old boy, after being shocked several times, went from being a shy, withdrawn child to acting increasingly aggressive and violent. Another child, a seven-year-old girl, following five electroshock sessions had become nearly catatonic.

Years later, another of Bender's young patients who became overly aggressive after about 20 treatments, now grown, was convicted in court as a "multiple murderer." Others, in adulthood, reportedly were in and of trouble and prison for a battery of petty and violent crimes. A 1954 scientific study of about 50 of Bender's young electroshock patients, conducted by two psychologists, found that nearly all were worse off after the "therapy" and that some had become suicidal after treatment. One of the children studied in 1954 was the son of well-known writer Jacqueline Susann, author of the bestselling novel "Valley of the Dolls." Susann's son, Guy, was diagnosed with autism shortly after birth and, when he was three years old, Dr. Bender convinced Susann and her husband that Guy could be successfully treated with electroshock therapy. Guy returned home from Bender's care a nearly lifeless child. Susann later told people that Bender had "destroyed" her son. Guy has been confined to institutions since his treatment.

To their credit, some of Dr. Bender's colleagues considered her use of electroshock on children "scandalous," but few colleagues spoke out against her, a situation still today common among those in the medical profession. Said Dr. Leon Eisenberg, a widely respected physician and true pioneer in the study of autistic children, "[Lauretta Bender] claimed that some of these children recovered [because of her use of shock treatment]. I once wrote a paper in which I referred to several studies by [Dr. E. R.] Clardy. He was at Rockwin State Hospital - the back up to Bellevue - and he described the arrival of these children. He considered them psychotic and perhaps worse off then before the treatment."

Continues here