Thursday, September 3, 2009

Drugmaker Pfizer Pleads Guilty to Fraud and Will Pay Record $2.3 Billion


The government needs to bring more cases like this. This is the largest health care fraud fine in U.S. history.


By Ransdell Pierson and Jeremy Pelofsky
REUTERS
NEW YORK/WASHINGTON - Pfizer Inc agreed on Wednesday to plead guilty to a U.S. criminal charge relating to promotion of its now-withdrawn Bextra pain medicine and will pay a record $2.3 billion to settle allegations it improperly marketed 13 medicines.
The world’s biggest drugmaker was slapped with the huge fines after being deemed a repeat offender in pitching drugs to patients and doctors for unapproved conditions.

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