Haiti"s deadly cholera outbreak "a stain on our reputation", UN says

The cholera outbreak that killed more than 9,000 Haitians after it was spread by peacekeepers has been a stain on the UN’s reputation, the world body admitted on Thursday, as it set out long-awaited plans for eliminating the disease from the country.

The announcement of the strategy – unveiled as the UN’s outgoing secretary general, Ban Ki-moon, bids to leave a global health legacy – was overshadowed by question marks about its funding and disappointment in some quarters at what was perceived as a failure to offer an unqualified apology.

The world body had doggedly refused to address the issue of how its own peacekeepers, relocated from Nepal to Haiti in 2010 following a major earthquake, brought the deadly cholera bacterium with them.

A first tacit admission of blame came in August, but the UN’s “explicit and unqualified denial of anything other than a moral responsibility” was subsequently branded a disgrace by its own human rights special rapporteur.

A strategy unveiled on Thursday by the UN focuses on long-term issues including water, sanitation and health systems, as well as the development of a package of material assistance and support to those Haitians most directly affected by cholera.

“The people of Haiti deserve this tangible expression of our respect and solidarity, as well as our regret, and the genuine support that comes with it,” said the organisation.

“The United Nations should seize this opportunity to address this tragedy which has also negatively affected its reputation and global mission.”

The UN endeavours to deploy “responsible peace operations that operate at minimum risk to people, societies and ecosystems”, said the statement, which described the cholera outbreak as “a stain on our reputation”.

In a reference to the simmering levels of anger directed towards the UN by many in Haiti, the statement conceded: “The package is not likely to fully satisfy all those who have been calling for such a step, nor will it happen overnight. However, the secretary general has concluded that it is better to take this step than not to.”

Ban, the document said, “wishes to propose a solution, not leave an unresolved problem, for his successor”.

However, a lack of finance may inhibit the delivery of the package. The announcement conceded that efforts to tackle the outbreak have been undermined by insufficient funding.

Brian Concannon, executive director of the Institute for Justice and Democracy in Haiti, a partnership of Haitian and US human rights advocates, said the initial wording of the announcement marked “a refreshing change from six years of ignoring victims’ voices and the UN’s clear legal obligations to them”.

But he noted that the use of the phrase “moral responsibility” was the same language that the UN secretary general used during his trip to Haiti in July 2014, and appeared to be calculated to address the concerns of UN lawyers more than those of the people of Haiti.

“Haitians are looking for a less qualified apology – for both introducing cholera and for the six years of denial of responsibility, which was an insult to Haitian dignity,” said Concannon.

Stéphane Dujarric, a spokesman for the secretary general, said that the new approach went to the root of the problem with long-term investments in sanitation facilities and by “putting people and communities affected by cholera at the heart of our efforts”.

Haiti"s deadly cholera outbreak "a stain on our reputation", UN says

Massive Deal: $25 Billion Forest Sale Cements A Turnaround Artist"s Reputation

There’s a stream of internet jokes from a few years back that lauded the mythical – and impossible – achievements of martial arts star Chuck Norris. “Chuck Norris can cut via a sizzling knife with butter,” one particular mentioned. “Chuck Norris counted to infinity – twice. Chuck Norris is the reason Waldo is hiding.”

Huge pharma M&ampA just got its Chuck Norris.

I’m commencing to wonder if you could give Brent Saunders, who has now rebuilt and sold off two legendary health care brand names, just about any distressed drug firm and see it purchased a quick time later for a big, juicy premium. Practically 5 many years in the past, he took more than eye care business Bausch &amp Lomb, which had been taken personal soon after some of its goods led to deadly eye infections. “By the time we offered the business to Valiant three and a half many years later, B&ampL had the best late-stage pipeline it had ever had in its 160 many years at that point,” Saunders stated at the Forbes Healthcare Summit last 12 months. Valeant paid $ 9 billion.

Now the larger fish: 9 months ago Saunders took in excess of Forest Laboratories, the legendary drug organization that, beneath chief executive Howard Solomon in the 1990s, had pioneered a new organization model. Instead of inventing its very own medicines, Forest purchased medicines that had been laying fallow someplace else. Inspired by his son’s struggles with depression, Solomon launched two of the hottest antidepressants ever, Celexa and Lexapro, and manufactured Forest into one of the industry’s electrical power players.

Also on Forbes: When It is Time To Sell Your Organization

But patents on these drugs expired, and the patent on Namenda, a blockbuster Alzheimer’s condition therapy, would go soon. In an extra insult, U.S. officials even threatened to ban Solomon from selling to Medicare and Medicaid in connection with false claims act allegations, including that Forest had pushed Celexa on children. Carl Icahn had taken a stake in the business, and was pushing for new management.

Saunders, currently a Forest board member, took the reins and quickly received Wall Street fired up again. Saunders purchased the rights to Saphris, an antipsychotic that Saunders knew from his time at Schering-Plough, from Merck Merck for $ 240 million. He worked to create successors to Namenda, which includes a delayed release version, to sustain market share.  And he spent $ two.9 billion to get Aptalis, which tends to make drugs to ease the digestive troubles connected to cystic fibrosis and would add $ 700 million in income.

In a note to investors on January 31, Leerink pharmaceutical analyst Seamus Fernandez praised Saunders’ “tireless enthusiasm for the sector and prospects for [Forest],” crowing that an early closure of the Aptalis deal could add 5 or ten cents per share to earnings for 2014 and advised investors to buy the stock. Vamil Divan at Credit Suisse, was equally bullish, telling consumers that Forest was “in the early innings of a multi-12 months rejuvenation story.” On February four, Chris Schott, the pharmaceuticals analyst at J.P. Morgan J.P. Morgan, initiated coverage on the stock with a acquire rating, pointing in portion to Saunders’ experience at Bausch &amp Lomb and his capacity to leverage money flow to pursue much more acquistions.

This morning, Forest announced that it is getting bought by generic drug maker Aptavis for $ 25 billion. The supply involves $ 26.04 in funds and .3306 Actavis Actavis shares for every share of Forest that functions out to $ 89.48 per share for the organization, or a 105% return for traders who purchased the stock when Saunders was named as CEO on September 10 of final 12 months.

“I venture to say that as a CEO you really don’t target on promoting the organization, even if you’re personal and that’s portion of what you want to do,” Saunders said at the Forbes summit back in December. “You target on developing the strongest, ideal organization you can and if some thing comes out of left field, or by way of a method, or whatever it might be, that is the correct factor for your shareholders than you do it.”

This time it only took 9 months. Analysts who cover Forest are – huge surprise – saying that the deal need to make fiscal sense for Actavis. I believe that investors need to want to kick the tires a bit on that. Just as Chuck Norris didn’t actually do any of individuals cool issues at the best of the story, there’s a bit of myth-making concerned in firm turnarounds. Bausch really did require a great deal of work, and Saunders essential to obtain and launch merchandise. The turnaround and Forest has been more quickly and much more subtle, and it is worth pondering if swings in investor sentiment have as considerably to do with the buy price as changes in the company’s fundamental enterprise. AstraZeneca is rumored to have entertained a $ 15 billion bid surely that would have been a far better deal from the buyer’s viewpoint, even without having Saunders’ handiwork?

But the actuality is that most turnarounds are a bit of a psychological trick. That was correct, also, for Saunders’ mentor, Fred Hassan, who turned close to Pharmacia and Schering-Plough. You really do not hear doubts about Inspra, the supposed blockbuster heart drug Pfizer received with Pharmacia that then fizzled, or queries about vorapaxar, Schering’s supposedly fantastic blood thinner, attached to him a lot these days. People bear in mind the offers. And the very same will be true here.

Wall Street will bear in mind the tremendous returns Saunders delivered. That’s why he will not be out of the CEO seat for very long – and why, when he pops up once again, you must take into account acquiring the stock.

Adhere to me on Twitter @matthewherper.

Also on Forbes: Anatomy Of A Turnaround

 

Massive Deal: $25 Billion Forest Sale Cements A Turnaround Artist"s Reputation