This story was previously titled "Pfizer to pay record $2.3 billion to settle charges"
Pfizer to pay record $2.3 billion to settle charges »
Posted By Progressive 4 months ago in Health & Fitness
Pfizer Inc agreed on Wednesday to plead guilty to a U.S. criminal charge relating to promotion of its now-withdrawn Bextra pain medicine and will pay a record $2.3 billion to settle allegations it improperly marketed 13 medicines.
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Progressive4 months ago
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The Obama administration is cracking down on health-care fraud, and federal prosecutors already have their first mounted head: Pfizer, which agreed to a record $2.3 billion settlement this week. The Washington Post reports that Pfizer’s Pharmacia & Upjohn subsidiary pleaded guilty to a felony charge for marketing anti-inflammatory drug Bextra for uses the FDA has not approved. Prosecutors also say the company gave doctor lavish trips, falsified records, and improperly financed articles promoting their pills. Pharmacia & Upjohn will pay $1.3 billion in fines and forfeits, the biggest criminal penalty in U.S. history, and Pfizer will pay an extra $1 billion to resolve civil cases connected to Bextra and three other medications. Explaining Pfizer’s steep penalty, one U.S. attorney called the company a “recidivist” lawbreaker.
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