LoginCreate an account

  Username: Password:
 
Error
  • Error loading feed data.
Home

Officials: Pfizer to pay record $2.3B penalty

E-mail Print PDF
User Rating: / 0
PoorBest 

WASHINGTON (AP) — People familiar with a record settlement to be announced Wednesday say Pfizer Inc., the world's largest drugmaker, will pay a $2.3 billion civil penalty over unlawful prescription drug promotions.

The U.S. Justice Department plans a news conference later in the day with FBI, federal prosecutors, and Health and Human Services Department officials to announce the terms of the deal. The people discussed the announcement on condition of anonymity because the court filings in the case were still under seal.

In financial filings made in January, the company indicated that it would pay $2.3 billion over allegations it had marketed the pain reliever Bextra and possibly other products for medical conditions different than their approved use.

Use of drugs for so called "off-label" medical conditions is not uncommon, but drug manufacturers are prohibited from marketing drugs for uses that have not been approved by the Food and Drug Administration.

The settlement is the largest ever paid by a drug company for alleged violations of federal drug rules.

Justice Department officials declined to comment, and company officials did not immediately return a call for comment.

 

Copyright 2009 The Associated Press.

 

 
FOX News
FOXNews.com - Breaking news and video. Latest Current News: U.S., World, Entertainment, Health, Business, Technology, Politics, Sports.
FOX News
  • Real survivors get fairy-tale endings
    He seemed like such a nice man, the clean-cut 25-year old who visited a rural Wisconsin church one autumn morning in 1996, looking for a wife.
  • Pet rats in Illinois, Wisconsin linked to Seoul virus outbreak, CDC says
    The US Centers for Disease Control and Prevention confirmed Friday that pet rats are the source of an outbreak of Seoul virus infections in Illinois and Wisconsin. The virus has been confirmed in eight patients in an ongoing investigation.
  • HHS nominee, on abortion, guns and other health issues
    Congressman Tom Price is President-elect Donald Trump's pick for secretary of Health and Human Services. If confirmed by the Senate, Price would oversee 11 divisions, including the Centers for Disease Control and Prevention, Food and Drug Administration and National Institutes of Health.

Search...

WebSite

mySSnews Login



User Menu