I have been following the Tylenol story for, with increasing amazement.
When I called Tylenol's owner, McNeil Labs,a few months ago I got no pushback -- readers here get exercised when I criticize .
Whatlast year with has now mushroomed:
- The total number of recalls involving poor manufacturing has .
- Johnson & Johnson, parent to McNeil, now faces state and federal subpoenas.
- Generic alternatives are eating Tylenol's lunch.
- Weldon has been called before Congress, and his attempts to squirm out of it are not drawing cheers.
- A new study conducted in Ethiopia has now found a direct link between acetaminophen, the active ingredient in Tylenol, and childhood asthma.
All this is drowning out the good news. Warren Buffett has doubled his holding in the stock. The company recently sold $1.1 billion in bonds at good rates. A University of Florida study shows acetaminophen may be good for hurt feelings.
If all this can happen to Tylenol, in other words, no drug is safe. That's your take-away.
This post was originally published on Smartplanet.com