Pfizer fined $2.3 billion dollars

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by Chris, Sep 2, 2009.

  1. Chris
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    Chris Gold Member

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    Pfizer to pay record $2.3B penalty for drug promos

    By DEVLIN BARRETT (AP)

    WASHINGTON — Federal prosecutors hit Pfizer Inc. with a record-breaking $2.3 billion in fines Wednesday and called the world's largest drugmaker a repeating corporate cheat for illegal drug promotions that plied doctors with free golf, massages, and resort junkets.

    Announcing the penalty as a warning to all drug manufacturers, Justice Department officials said the overall settlement is the largest ever paid by a drug company for alleged violations of federal drug rules, and the $1.2 billion criminal fine is the largest ever in any U.S. criminal case. The total includes $1 billion in civil penalties and a $100 million criminal forfeiture.

    http://www.google.com/hostednews/ap/article/ALeqM5i1T0tm9vZXO9PuPj17hqfL-4JfTwD9AFE8F01
     
  2. veritas
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    veritas OBKB

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    Still just a slap on the wrist.
     
  3. dilloduck
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    dilloduck Diamond Member

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    Seriously---we shoulda taken over the company to have a pharma to match our auto company.
     
  4. KittenKoder
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    KittenKoder Senior Member

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    Great ... now they will have to jack up the prices of the few meds allowed in the US just to cover this. Great going FDA, keeping competition out is really helping, huh?
     
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  5. Chris
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    Chris Gold Member

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    More a shot across the bow....
     
  6. KittenKoder
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    KittenKoder Senior Member

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    :doubt: I keep thinking there is hope that you will make logical connections, but you really don't. Why do you think "big pharm" charges so much now? They have had a huge number of lawsuits for FDA "approved" medications that wind up killing people. They still have to make a profit so they pass the cost onto the patients, since the FDA won't let any alternatives that have been proven safe into the country ... now, try, try really hard to think, there is a connection here that's more than just "big pharma" wanting to make a profit.
     
  7. Chris
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    Chris Gold Member

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    Which industry in the U.S. has the highest profit margin?
     
  8. dilloduck
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    dilloduck Diamond Member

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    Which industry is keeping Americans alive?
     
  9. Chris
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    Chris Gold Member

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    The natural foods industry.
     
  10. dilloduck
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    dilloduck Diamond Member

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    :rofl::rofl::rofl:
     
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