SC

More Trouble For Nikki Haley’s Nephron Buddies

RECALL THE LATEST PROBLEM FOR GOVERNOR’S CRONY CAPITALISTS … This website has long maintained that government shouldn’t be involved in the economic development business.  It is not government’s job to create jobs – it is government’s job to stay out of the way of the free market.  Taxes obviously must be collected…

RECALL THE LATEST PROBLEM FOR GOVERNOR’S CRONY CAPITALISTS …

This website has long maintained that government shouldn’t be involved in the economic development business.  It is not government’s job to create jobs – it is government’s job to stay out of the way of the free market.  Taxes obviously must be collected to fund core functions of government, but those levies should be assessed fairly and in as unobtrusive a manner as possible.

And politically connected corporations should not be awarded breaks and benefits that are not available to everyone …

S.C. governor Nikki Haley used to generally agree with us on that point … but not anymore.

Anyway, last October this website published a sprawling exclusive on the status of Nephron Pharmaceuticals – one of Haley’s crowning crony capitalist “achievements.”  This company – which received millions in taxpayer-funded incentives from the state – recently built a gleaming new facility in West Columbia, S.C., where its leaders (donors and close friends of the governor) vowed to create 707 new positions (at more than $70,000 a pop).

FITS was suspicious of this deal from the beginning – and said so.  In fact, four years ago we published a detailed story regarding its questionable financials – and we also wrote extensively at the time about pay-to-play allegations involving Nephron and the governor.  Not only that, we busted Haley in a lie regarding her prior connections to the company’s founders – Bill Kennedy and his wife, Lou Kennedy (who have contributed thousands of dollars to Haley’s political campaigns and who frequently allowed Haley access to Nephron’s private jet).

Since our pièce de résistance was published, we’ve followed up with additional reporting on Nephron – which five years later has failed miserably to even approach its promised job creation (and salary) numbers.

The latest?

According to the website FiercePharma, Nephron is recalling more than 80,000 of its over-the-counter asthma inhalers due to “discoloration issues” – the latest in a long line of issues connected to Nephron’s dealings with the U.S. Food and Drug Administration (FDA).

“The company’s website says (its) asthma product is FDA approved, but in 2013 it was not and the FDA issued a warning letter to the company saying so,” the website reported.  “It pointed out Nephron had never obtained an approved marketing application for the product.”

Not only that, FiercePharma reported that the agency has received “numerous FDA Adverse Event Reports” about Nephron’s asthma product since its September 2012 introduction.

“Those included reports of chest pain, nausea or vomiting, increased blood pressure, increased heart rate and possible hemoptysis,” the website reported.  “A week later it issued a warning to patients, doctors and caregivers saying many of the same things and pointing out the product at that point had never been evaluated by the FDA.”

Wow …

Again, herein lies the problem with trying to pick “winners and losers” in the economy: Sometimes you pick a loser.  Of course even when government picks a “winner,” other companies (and taxpayers) still end losing because they have to pick up the tab for the corporate welfare.

Haley used to “get” that …

Now?  Not so much … and all of us are paying the price for her failure.

***

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15 comments

Eric December 17, 2015 at 11:23 am

And the rich get richer—off our tax dollars.

Reply
erneba December 17, 2015 at 11:43 am

Maybe Haley should have seeked advice from Obama. He knew how to pick up and coming new companies.
http://dailysignal.com/2012/10/18/president-obamas-taxpayer-backed-green-energy-failures/

Reply
deportdemZwetZbachs December 17, 2015 at 12:16 pm

lol…I love when you kick em in the arse!

Reply
pogo December 17, 2015 at 12:19 pm

Oh yes, I love things up my arse, like my head! LMAO!!!

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Dictionary Bot December 17, 2015 at 4:39 pm

sought

Reply
erneba December 17, 2015 at 5:23 pm

Correction, I just dided it.

Reply
fred farkel December 17, 2015 at 5:43 pm

Oh shit. You get your information from this piece of crap service that is part of The Heritage Foundation , which is headed by “lil jimmie dumint”, the lightest of lightweights in the conservative movement. You know boy now we know just how stupid you are. But what do you expect from a yahoo from Chesterfield County. You A BIG JOKE. I know I’m looking for your Sit Fred Sit boring retort. So surprise me and dig really deep and come up with something a little more entertaining. Please keep us liberals entertained and laughing. Thanks boy.

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erneba December 17, 2015 at 6:11 pm

Sit, Fred, Sit..

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fred farkel December 18, 2015 at 9:46 am

Come on boy, can’t you get more original that? And please come up with better supportive information than the same old super conservative bull shit that you use.

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Rocky Verdad December 17, 2015 at 8:06 pm

Don’t tell ’em that, then they go off to Breitfart.

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Sic Semper Tyrannis December 17, 2015 at 11:50 am

Merry Christmas suckers !

Reply
heart breaker December 17, 2015 at 12:10 pm

Kick backs and off shore money.

Reply
TroubleBaby December 17, 2015 at 1:03 pm

“Taxes obviously must be collected to fund core functions of government”

Exasperating. You’re like a broken record.

Reply
jimlewisowb December 17, 2015 at 5:14 pm

I can’t fart without getting a written notice from the EPA while these fucking Cockroaches can peddle shit in a bottle, fly around the county in a private jet with a sitting Governor all the time thumbing their noses to the world

Some terrorists use guns to wreak havoc, others use drugs

Reply
Lone Ranger December 17, 2015 at 5:26 pm

TO YOU ALL-DAY SUCKERS WHO HAVE FOOLISHLY BELIEVED WILL (AGAIN)…

Ummmm…Kemosabe—tell Tonto again—what landed Michelin—International Paper—FN Manufacturing-et. al–et. al.—et. al?

Well, Tonto—that has historically been the SC Commerce Department (alias State Development Board) as I recall

You see—they have full-time PROFESSIONAL business and industrial recruiters—they compete with pros in other states

Because industries can choose to come to SC or GO ELSEWHERE –states without pros in this field end up with an empty plate

Ummmm…Kemosabe…Tonto hear a low humming sound—like Will Folks’ brain trying to get out of ignorance into first gear

Why yes, Tonto—that’s TRUE don’tcha know—but after his lies about sleeping with Haley those who believe him are rare !!!

Reply

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