January 23, 2006
Guidant's Troubles Aren't Over
On January 19, 2006, a Texas judge ordered Guidant to hand over internal documents that might show the company continued to sell some of its heart defibrillator models after knowing that the devices might prove faulty. The NY Times reported the following day that the documents appear to show that some Guidant executives recommended in January 2005 that perhaps the company should find a way to inform doctors about failures associated with one of its heart defibrillators. Almost six months later, Guidant publicly announced that a design flaw could cause the defibrillator to short circuit.
All of this comes as the bidding war to take over the embattled company continues. Profits rise as people suffer. When corporate greed and wrongdoing are not reined in, we all suffer and people die.
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