More Tainted Products From China, Drugs This Time

By Douglas A. McIntyre Published Sep 16, 4:11PM EDT

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The Chinese are now poisoning their own population. With any luck, a new case of tainted drugs found in the big Asian country will not make it to the US. But, don’t count on it.

The Xinhua News Agency said that children being treated for leukemia were being given drugs that caused them weakness in their legs. One is methotrexate a medicine used to treating variety of cancers. The other is cytarabin hydrochloride, also a cancer treatment.

The drugs appear to have been mixed with vincristine sulfate which is used to treat AID related and brain cancers. But, its side effect include seizures, leg weakness, and, in some cases, death.

The US drug industry will probably be faced with an emerging crisis of confidence just as the toy industry has. One of these compounds only needs to find up here once.

Douglas A. McIntyre

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.