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2023-02-02 -Lurid Crime Tales-

Pfizer to Pay $2.3 Billion for Fraudulent Marketing

[DoJ] WASHINGTON — American pharmaceutical giant Pfizer Inc. and its subsidiary Pharmacia & Upjohn Company Inc. (hereinafter together "Pfizer") have agreed to pay $2.3 billion, the largest health care fraud settlement in the history of the Department of Justice, to resolve criminal and civil liability arising from the illegal promotion of certain pharmaceutical products, the Justice Department announced today.

Pharmacia & Upjohn Company has agreed to plead guilty to a felony violation of the Food, Drug and Cosmetic Act for misbranding Bextra with the intent to defraud or mislead. Bextra is an anti-inflammatory drug that Pfizer pulled from the market in 2005. Under the provisions of the Food, Drug and Cosmetic Act, a company must specify the intended uses of a product in its new drug application to FDA. Once approved, the drug may not be marketed or promoted for so-called "off-label" uses — i.e., any use not specified in an application and approved by FDA. Pfizer promoted the sale of Bextra for several uses and dosages that the FDA specifically declined to approve due to safety concerns. The company will pay a criminal fine of $1.195 billion, the largest criminal fine ever imposed in the United States for any matter. Pharmacia & Upjohn will also forfeit $105 million, for a total criminal resolution of $1.3 billion.

Posted by Besoeker 2023-02-02 03:25|| || Front Page|| [11130 views ] Top

#1 Plea deal. No one goes to jail. Business continues as usual, with minor price increases to the consumer.

$2.3 billion successfully laundered JAB dividend to government departments and causes not mentioned here.

Posted by Besoeker 2023-02-02 03:37|| 2023-02-02 03:37|| Front Page Top

#2 That's from 2009, but why anybody would place one scintilla of trust into these slimy pharmaceutical companies is beyond me.

Posted by DooDahMan 2023-02-02 07:30|| 2023-02-02 07:30|| Front Page Top

#3 drug that Pfizer pulled from the market in 2005. Deceptive marketing took place before that. That circus was in town for a long time.

Posted by Bobby 2023-02-02 08:43|| 2023-02-02 08:43|| Front Page Top

#4 Obamamabimabimab...

Posted by M. Murcek 2023-02-02 09:01|| 2023-02-02 09:01|| Front Page Top

#5 /\ ...drug that Pfizer pulled from the market in 2005. Deceptive marketing took place before that. That circus was in town for a long time.

Phiza love you long time. You see !

Posted by Besoeker 2023-02-02 09:04|| 2023-02-02 09:04|| Front Page Top

#6 Ow!

Posted by M. Murcek 2023-02-02 09:20|| 2023-02-02 09:20|| Front Page Top

#7 Pfizer Inc. and its subsidiary Pharmacia & Upjohn Company Inc. (hereinafter together "Pfizer") have agreed to REFUND $2.3B of the US TAXPAYERS $$$$$$$$$$

Posted by NN2N1 2023-02-02 09:55|| 2023-02-02 09:55|| Front Page Top

#8 Unfortunately, $2.3B isn't even a rounding error. And they rebated it their money laundering partners, not to the taxpayers.

Posted by M. Murcek 2023-02-02 10:01|| 2023-02-02 10:01|| Front Page Top

#9 /\ My guess as well. Everyone leaves final negotiated settlement with yuge smile.

Posted by Besoeker 2023-02-02 10:03|| 2023-02-02 10:03|| Front Page Top

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