Tuesday, April 15, 2008

Sanofi Pasteur - Big Pharma Gets Big Cash

Dalton McGuinty is at it again with the corporate welfare. This time global vaccine manufacturer Sanofi Pasteur is getting a fat cheque for $13.9 million from the Ontario government (read the Ontario taxpayer). Sanofi's release can be read HERE.

This is a profitable global drug manufacturer headquartered in France with annual sales over $4 billion (Canadian). It is part of one of of the world's most profitable industries - big pharma. It doesn't need subsidies.

Let's hope Sanofi puts the money into researching and developing a corporate welfare vaccine for taxpayers because a little shot in the arm hurts less than the premier's hand in the wallet.

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