The political charge against Zohydro is currently led by Senator Joe Manchin (D-WVA), who is the father of Heather Manchin Bresch. Ms. Bresch is the CEO of Mylan (MYL), which coincidentally manufactures generic hydrocodone - a direct competitor to Zohydro. Is this not a conflict worthy of our attention?
This is not the first time that Senator Manchin has had an apparent professional conflict where his daughter is concerned. Several years ago, Ms. Bresch claimed that she had received an MBA degree from West Virginia University, which was not the case. Her father, then Governor of West Virginia, claimed to have no role in the University awarding her an MBA degree despite her alleged failure to meet the requirements of the school. The Chancellor of West Virginia University later resigned over this case.
The Mylan Board Of Directors accept as old hat the ethics of their CEO. They must not really expect a high ethical standard for business conduct. Mylan just requires bad ethical behavior be reported. Is this so that they can just go into damage control and provide a story to sweep the behavior under the rug?