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Drug Company To Pay $3 Billion Settlement For Bogus Marketing

November 7, 2011 by  

Drug Company To Pay $3 Billion Settlement For Bogus Marketing

A U.K. drug company has agreed to pay $3 billion to end U.S. criminal and civil investigations into whether it marketed drugs for unapproved uses and other matters.

The company, GlaxoSmithKline PLC, was being probed  for its sales and marketing practices for drugs including the antidepressants Paxil and Wellbutrin, according to The Associated Press. The company was also facing questions about its development and marketing of a diabetes drug called Avandia, which has been withdrawn from the European market and limited in the United States because of increased heart attack risks.

An investigation was begun by the U.S. Attorney’s office of Colorado in 2004 and later taken over by the U.S. Attorney’s Office of Massachusetts into whether the company was promoting drugs for unapproved uses, and influencing doctors to prescribe them.

The Justice Department also launched investigations into possible inappropriate use of the nominal price exception under the Medicaid Rebate Program, according to The Washington Post.

The $3 billion settlement, which Glaxo says will be paid with its “cash resources,” will be the largest pharmaceutical marketing settlement in U.S. history.

Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

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  • s c

    This is interesting info, Sam, but I’d like to know if the FDA was involved in this issue. When a drug company offers to fork over $3 billion to “end investigations,” it sounds more like a situation where GSK wants to cut its losses and move on to other drugs and money-making ways and ‘kinda sorta’ admit guilt without having to REALLY admit any guilt.

  • David in MA

    “if the FDA was involved”

    I would start the investigation with them!

  • eddie47d

    Remember this is Big Pharma at it’s finest and capitalism at it’s worst. There shouldn’t be any shock or surprise for it is business as per usual.GlaxoSmithKline may not be the ring master in false advertising and claims of miracle cures but this fine is long overdue. Maybe they can develop a drug to fix greed for themselves and one to fix gullibility for the public.

    • AJ

      “Right on”

    • s c

      You were incomplete in handing out info – as usual, e. When you say Big Pharma, ALWAYS say AMA, FDA AND Big Pharma in the same breath. It is one of the worst cabals in America. Only the Fed can top the antics of AMA, FDA and Big Pharma destroyers.
      WHY do you waste your time – and ours – whizzing and moaning about capitalism when you NEVER understood what it meant? Your icons, ‘teachers’ and chums are LIARS, and you make it easy for them to keep you dumbed-down – and blissful.

  • JC

    Warning: Please consult your “Health Care Provider” before using Wonderdrug (et;al). “Wonderdrug” has been known to have serious side effects including but not limited to, itchiness, headache, stroke, heart palpitations, soreness in the joints, extreme nasal discharge, profuse sweating, death, nausea, the urge to run on a hamster wheel, exploding bowels, leaking eyeballs, sudden uncontrollable hair growth, clown feet, spinal curvature, death, seizures, suicidal tendencies, the urge to vote liberal, laziness, drooling, obesity, death, slurred speach, deafness, blindness, incontinence, gas, major organ shut down, death, swollen ears, sudden crossed eyes, yellow toe nails, death, stroke, permanent sleep syndrome, dizziness, screaming for no reason, death, muscle deterioration, brittle bones, knock knees, lisping, death, crooked teeth, claustrophobic reactions, liver failure, excessive bleeding, death, depression, hair loss, rosacia, pigmentosa, homicidal tendencies, tunnel vision, expanding thighs, death, memory loss, bony fingers, pigeon toes, cross dressing, goose stepping, uncontrollable howling, projectile vomiting and death, did we mention death?

    Wonderdrug may not be right for you.
    So head on down to the local pill mill and talk to
    your Health Care Provider,

    • http://marcum1@wildblue.net coal miner

      JC,

      Ha ha ha ha ha ha ha.I love that one.It’s a miracle alright,It is miracle you don’t developed some kind of disorder.Do you think it will cure me of old age?Ha ha ha

  • AJ

    Ya this is “Big Pharma” playing the current “Monopoly Game” being played here currently. They just purchased a “Stay out of Jail Card.”

  • http://marcum1@wildblue.net coal miner

    Beware of alternative medicine;another form of snake oil.

    Sep 1, 2011 … He is an outspoken critic of “alternative medicine” (aka Homeopathy, aka Snake Oil, aka Miracle Cures). Early in this clip, he explains the …
    http://kcbbb.blogspot.com/2011/09/bbbs-long-history-with-miracle-cures.html

  • http://marcum1@wildblue.net coal miner

    Drug recall!

    postheadericon FDA Warns that Diabetes Drug Actos Could Cause Bladder Cancer. Monday, 26 September 2011 18:45 | Written by Drug Recall Lawyer | PDF …
    http://www.drugrecalls.com/

  • Buck

    Obviously , Glaxco Smithcline didn’t ante up enough kickback money to the FDA , like MONSANTO and several big contributers to their retirement plans . The FDA is also selling out our rights to supplements just as monsanto bought our rights to not acquire ungenetically alterated food in both meat and seeds .

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