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Illegal Drug Marketing Admitted [View All]

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dArKeR Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-13-04 10:18 AM
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Illegal Drug Marketing Admitted
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Edited on Thu May-13-04 10:25 AM by dArKeR
Pfizer Inc. has agreed to plead guilty to charges that Warner-Lambert, the company it acquired four years ago, flouted federal law by promoting non-approved uses for one of its drugs, a source familiar with the deal told The Associated Press.

Under the agreement to be announced Thursday by the U.S. Attorney's office in Boston, Pfizer, the world's largest pharmaceutical company, has agreed to plead guilty to violating the Food and Drug Cosmetic Act and pay an undisclosed amount to settle the case, the source said.

Company officials had previously said they were setting aside at least $400 million for the settlement.

The Wall Street Journal, citing sources familiar with the matter, reported Thursday that Pfizer will pay about $430 million in fines in one of the largest Medicaid-fraud settlements.

http://www.cbsnews.com/stories/2004/05/13/health/main61...

I wonder why the people harmed by this practice will never see a penny? Why is the Government able to keep the settlement?
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