Placebomol

Thanks to James Russell for this report on the interesting business background of Pan Pharmaceuticals founder Jim Selim:

... In 1976 Mr Selim appeared before the Pharmacy Board of NSW charged with professional misconduct.

The charge - failing to include a substance in a manufactured item - related to his making of paracetamol tablets. Some batches contained no paracetamol.

Not exactly what you'd call a fair cop - it's well known that in about 40% of cases the tablets would have cured headaches anyway.