Monday, July 02, 2012

UPDATE 3-GlaxoSmithKline settles healthcare fraud case for $3 bln | Reuters

The company went to extreme lengths to promote the drugs, such as distributing a misleading medical journal article and providing doctors with meals and spa treatments that amounted to illegal kickbacks, prosecutors said.

In a third instance, GSK failed to give the U.S. Food and Drug Administration safety data about its diabetes drug Avandia, in violation of U.S. law, prosecutors said.

The misconduct continued for years beginning in the late 1990s and continued, in the case of Avandia's safety data, through 2007. GSK agreed to plead guilty to three misdemeanor criminal counts, one each related to the three drugs. 
 
Any wonder why we don't believe big business/government anymore. Is the only reason they are being fined is because they stopped paying someone/something?
 
One down and at least 7 more to go in this industry.

UPDATE 3-GlaxoSmithKline settles healthcare fraud case for $3 bln | Reuters

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