GlaxoSmithKline to pay $3B fine for health fraud

GlaxoSmithKline's record $3B fine

A bottle of GlaxoSmithKline’s Paxil anti-depressants. The company plead guilty two counts of introducing misbranded antidepressant drugs Paxil and Wellbutrin to interstate commerce among other pleas.

Associated Press

GlaxoSmithKline LLC will pay $3 billion and plead guilty to promoting two popular drugs for unapproved uses and to failing to disclose important safety information on a third in the largest health care fraud settlement in U.S. history, the Justice Department said Monday.

Accompanying the criminal case was a civil settlement in which the government said the company’s improper marketing included providing doctors with expensive resort vacations, European hunting trips, high-paid speaking tours and even tickets to a Madonna concert.

The $3 billion combined criminal-civil fine will be the largest penalty ever paid by a drug company, Deputy Attorney General James M. Cole said. The corporation also agreed to be monitored by government officials for five years to attempt to ensure the company’s compliance, Cole said.

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One Response

  1. Money won like this should go to the victims of the fraud & not to gov’t. Those that committed this fraud, costing the victims their health or lives, should go to jail, PERIOD. Fines are not good enough for complete justice, Not just some form (OF) restitution BUT also justice. Government always gets the big prize & that is not right or just. It’s just extra money for the government, that’s moral & ethically & criminally wrong! The housing market here in CA. just helped lawyers & courts to exist. Wrong again!

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