Further Evidence That Big Pharma Needs to Take Its Medicine

Anyone who reads this blog knows my opinion of Big Pharma, which is sorely in need of innovation, but which in past years has been reluctant to swallow the medicine needed to heal itself, emphasizing short-term profitablity over long-term growth.

If you still have any lingering doubts about Big Pharma, note Fortune's list of the world's 50 most admired companies (http://money.cnn.com/magazines/fortune/mostadmired/2011/full_list/index.html).

Sadly, the only pharma company on the list is Johnson & Johnson (no. 17), and one can only wonder if it would have made the list without its consumer health products.