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GlaxoSmithKline fined $3bn in drug fraud scandal

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warrenb

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keeper-9

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Joined: Mon Oct 12, 2009 8:42 pm

Post Mon Jul 02, 2012 10:53 pm

GlaxoSmithKline fined $3bn in drug fraud scandal

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GlaxoSmithKline (GSK) is to pay $3bn (£1.9bn) in the largest healthcare fraud settlement in US history.

The drug giant is to plead guilty to promoting two drugs for unapproved uses and failing to report safety data about a diabetes drug to the Food and Drug Administration (FDA).

The settlement will cover criminal fines as well as civil settlements with the federal and state governments.

The case concerns the drugs Paxil, Wellbutrin and Avandia.

Deputy US Attorney General James Cole told a news conference in Washington DC that the settlement was "unprecedented in both size and scope".

Full story here
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PANTHERAS

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guardian-4

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Joined: Fri Mar 02, 2012 8:40 am

Post Tue Jul 03, 2012 8:50 am

Re: GlaxoSmithKline fined $3bn in drug fraud scandal

Is this a drug that works that they are suppressing or one of those other ones?

if its the latter! awesome!
~~~
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ExMislTech

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Post Thu Jul 05, 2012 6:43 am

Glaxo Smith Kline ordered to pay $3 Bil USD fine

http://www.cbsnews.com/8301-504763_162-57464923-10391704/glaxosmithkline-agrees-to-$3-billion-settlement-with-justice-department-in-largest-sum-of-its-kind-over-health-care-fraud/

Due to mounting evidence of "harm done to clients" flying in the face of
the "do no harm clause" in most doctors oaths, after several years of
pursuing this this has finally come down.

One of the top killers at present is drug interaction, and this company
and some of its products are on the list, and some of them do damage
even though other medication was not taken.

The warnings were poorly done, and or not done at all in some cases,
drugs were given to children that were not authorized for use with children.

Pharmaceutical giant GlaxoSmithKline will plead guilty and pay $3 billion in the largest settlement of health care fraud in U.S. history, the Justice Department announced Monday.

The settlement will resolve criminal and civil liability from the company's unlawful promotion of certain prescription drugs. The company is to plead guilty to a three-count criminal information, including two counts of introducing misbranded antidepressant drugs Paxil and Wellbutrin to interstate commerce and one count of failing to report safety data about the diabetes drug Avandia to the FDA. The criminal complaints will total $1 billion.

GSK will also pay $2 billion to resolve civil liabilities relating to Paxil, Wellbutrin and Avandia, as well as other drugs and also resolves allegations of pricing fraud.

The Justice Department said GlaxoSmithKline unlawfully promoted Paxil for treating depression in patients under 18 without FDA approval for pediatric use. The U.S. also alleged the company published and distributed a misleading medical journal article misrepresenting the drug's efficacy in treating depression in adolescents, also sponsoring dinners, spa programs and other activities to promote that use.


Credits to the much hated Infowars. <grin>
Last edited by ExMislTech on Thu Jul 05, 2012 6:47 am, edited 1 time in total.
Trillions for banksters, suit wearing gangsters, globalist gluttony, common man's misery,
Only at the end, did most see the trend. ~ a rhyme by Me
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