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
  • Twin tragedies give survivor a new face
    He'd been waiting for this day, and when his doctor handed him the mirror, Andy Sandness stared at his image and absorbed the enormity of the moment: He had a new face, one that had belonged to another man.
  • Veterans dive with sharks to treat PTSD
    Soldiers are diving with sharks to help treat pain, depression and post-traumatic stress disorder (PTSD)
  • Surprisingly heart-healthy foods
    Many of us began the year with resolutions to take the obvious steps to improve our health: eat more fruits and vegetables, exercise regularly, and get enough sleep.
  • Why NASA is sending a superbug to the space station
    An antibiotic-resistant superbug will be launched on a SpaceX Falcon 9 rocket Saturday from the same Cape Canaveral pad where the first manned mission to the moon lifted off and soon be studied by astronauts on the International Space Station.
  • Cold caps help breast cancer patients avoid trauma of hair loss
    For some women diagnosed with breast cancer, hair loss can be one of the more traumatic effects of chemotherapy. Scalp cooling caps and devices may be able to help combat hair loss, although experts warn that it is dependent on the individual and the type of chemo they use.
  • 64-year-old woman gives birth to twins
    No, this isn't ripped from the headlines of the National Enquirer. According to a hospital in Spain, a woman really did give birth to twins at the age of 64.

Search...

WebSite

mySSnews Login



User Menu