Who would believe such things of Big Pharma?
GlaxoSmithKline agreed to plead GuiltyGuiltyGuilty to misdemeanor criminal charges filed by the federal government, saying it will pay $3 billion to settle allegations that the company illegally marketed two drugs for uses not approved by the Food and Drug Administration and failed to disclose safety information on another drug, the Justice Department said Monday.
The agreement, which still has to be approved by the court, amounts to the “largest health care fraud settlement in U.S. history and the largest payment ever by a drug company,” according to the Justice Department.
Prosecutors say the British pharmaceutical company promoted the use of the antidepressant Paxil in children, even though it was only approved for adults over 18. The company also promoted Wellbutrin to treat sexual dysfunction and addiction, even though it was only approved for depression. In addition, the company failed to report safety data about another drug, Avandia, the Associated Press reports.
GlaxoSmithKline allegedly went to great efforts to promote the drugs for unapproved uses, including distributing a misleading journal article and providing bribes to doctors in the way of meals and spa treatments, reports Reuters.
The fine will be split, with $1 billion covering criminal fines and forfeitures and $2 billion paying for civil settlements with federal and state governments. The federal investigation lasted seven years.