Thursday, September 3, 2009

Pfizer, Forest Laboratories: Pharma Companies Gone Wild

The U.S. Department of Justice announced Wednesday, September 2, the "largest health care fraud settlement in its history." Pfizer Inc. with subsidiaries Pharmacia & Upjohn Company Inc. must pay $2.3 billion "to resolve criminal and civil liability arising from the illegal promotion of certain pharmaceutical products," according to the DOJ's news release. The pharmaceutical giant's story is a tale of seeming unrepentant profiteering, not through scarcity but misrepresentation.

All drug companies aren't bad. Who can discount the good humanity's seen through miracle drugs marketed ethically? But when drug companies are bad, they are very, very bad. Pfizer appears to keep falling into the same pit, having to pay government fines or settle lawsuits because it disregards FDA guidelines and patient health when marketing its wares.

Part of the breakdown on Pfizer's settlement from the DOJ press release: ... Please continue reading full post at BlogHer.com

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