GlaxoSmithKline will pay $3 billion in settlement with U.S. Government
From the article:
In the largest health care fraud settlement in U.S. history, British pharmaceutical giant GlaxoSmithKline has agreed to plead guilty to misdemeanor criminal charges stemming from the sale and marketing of its antidepressants Paxil and Wellbutin and the diabetes drug Avandia. The company will pay $3 billion in criminal and civil fines as a result of the settlement.
“At every level, we are determined to stop practices that jeopardize patients’ health; harm taxpayers; and violate the public trust,” said Deputy U.S. Attorney General James Cole at a press conference. “This historic action is a clear warning to any company that chooses to break the law.”
The settlement ended an investigation of GlaxoSmithKline’s sales and marketing of nine products that began in Colorado in 2004. That investigation was later taken over by the U.S. Attorney’s Office in Massachusetts.
But it’s ok, y’all. Corporations are blameless and holy. The invisible hand of the market will fix everything.
