Pfizer’s world record smashed by GlaxoSmithKline

https://www.justice.gov/opa/pr/glaxosmithkline-plead-guilty-and-pay-3-billion-resolve-fraud-allegations-and-failure-report

The pharmaceutical giant has agreed to plead guilty and pay $3 billion in fines.

“Global health care giant GlaxoSmithKline LLC (GSK) agreed to plead guilty and to pay $3 billion to resolve its criminal and civil liability arising from the company’s unlawful promotion of certain prescription drugs, its failure to report certain safety data, and its civil liability for alleged false price reporting practices, the Justice Department announced today. The resolution is the largest health care fraud settlement in U.S. history and the largest payment ever by a drug company.”

This beats Pfizer’s previous record for similar deceptive behaviour. Pfizer agreed to pay a total of $2.3 billion in fines for promoting medicines for unapproved uses and illegal marketing of the product Bextra. The drug was pulled from shelves in 2005

Here are the largest fines dished out the big Pharma.

After the above two you have

  • Johnson and Johnson $2.2 billion – false claims
  • Abbots laboratories $1.5 billion – False claims
  • Eli Lily $1.4 billion – false claims
  • TAP pharmaceutical $875 million – false claims
  • Amgen $762 million – false claims
  • GlaxoSmithKline $750 million – false claims
  • Serono $704 million – false claims
  • Merck $650 million – false claims
  • Purdue Pharma $601 million – false claims
  • Allergan $600 million – false claims
  • AstraZeneca $520 million – false claims
  • Bristol-Myers Squib $515 million – false claims
  • Schering Plough $500 million – false claims
  • Mylan $465 million – false claims
  • Schering Plough $435 million – false claims
  • Pfizer $430 million – false claims
  • Cephalon $425 million – false claims
  • Novartis $423 million – false claims
  • AstraZeneca $355 million – fraud
  • Shering Plough &345 million – fraud

These are those found guilty in the past 19 years

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