Monday, July 02, 2012

BIG PHARMA SCORES BIG FINE

I've noted many times before that Big Pharma has the typical morality of the marketplace - "buyer beware" - and now GlaxoSmithKline has broken the previous record for fines & penalties:
Pharma Giant GSK to Pay $3B in Largest Ever Healthcare Fraud Case
By PIERRE THOMAS and JACK DATE | ABC News – 6 hrs ago

Heathcare giant GlaxoSmithKline has agreed to an unprecedented $3 billion settlement with the U.S. government over allegations that the company advertised drugs for uses not approved by the Food and Drug Administration and then used lavish gifts to convince doctors to prescribe the drugs.

The multi-billion dollar settlement is the largest in U.S. history for alleged healthcare fraud, government officials said.

1 comment:

Ken Hoop said...

like the T.A.F. guys says, prison sentences are a minimum if you want real change.