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Johnson & Johnson CEO William Weldon testified before the House Committee on Oversight and Government Reform on Thursday, September 30, apologizing for making a mistake and letting the public down with the numerous recalls his company has had lately.
In a report by CNNMoney.com, Weldon also admitted that the company secretly bought up defective drugs without informing regulators and consumers of its actions. The Times reported Weldon as saying in prepared remarks to the Committee on Oversight and Government Reform.