Mr. Frazier's Somewhat Surprising Remarks -- From Davos: 01.24.2013

I wouldn't read too terribly much into this -- from the World Economic Forum in Davos overnight -- but it certainly allows for a whimsical manga-style graphic(!). See this:

. . . .We need a strong FDA. . .

Actually, I think the FDA is the gold standard worldwide. . . .

A little more seriously, I quite agree with Mr. Frazier's, above. If one plays by the rules -- as New Merck usually has, under Mr. Frazier's leadership -- one should expect that the government agencies will help make sure that all market participants play by the same rules. That's just, and equitable.