This paper has a very critical tone, but it's still not making it clear to me whether the EBM movement has "failed". The counterfactual is not a world where EBM was somehow immune from being 'hijacked' (whatever 'hijacking' is, we're really talking about unintended consequences of the prevailing incentives in this sector) but one where that movement didn't even get off the ground in the first place. Relative to that, I think we're in fact far better off.
John Ioannidis has written a very insightful and entertaining article about the current state of the movement which calls itself "Evidence-Based Medicine". The paper is available ahead of print at http://www.jclinepi.com/article/S0895-4356(16)00147-5/pdf.
As far as I can tell there is currently no paywall, that may change later, send me an e-mail if you are unable to access it.
Retractionwatch interviews John about the paper here: http://retractionwatch.com/2016/03/16/evidence-based-medicine-has-been-hijacked-a-confession-from-john-ioannidis/
(Full disclosure: John Ioannidis is a co-director of the Meta-Research Innovation Center at Stanford (METRICS), where I am an employee. I am posting this not in an effort to promote METRICS, but because I believe the links will be of interest to the community)