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
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