Drugmaker Pfizer Pleads Guilty to Fraud and Will Pay Record $2.3 Billion
The government needs to bring more cases like this. This is the largest health care fraud fine in U.S. history.
REUTERS NEW YORK/WASHINGTON – Pfizer Inc agreed on Wednesday to plead guilty to a U.S. criminal charge relating to promotion of its now-withdrawn Bextra pain medicine and will pay a record $2.3 billion to settle allegations it improperly marketed 13 medicines.
The world’s biggest drugmaker was slapped with the huge fines after being deemed a repeat offender in pitching drugs to patients and doctors for unapproved conditions.
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Posted: 9/2/09 at 1:38 PM under News Story.
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