The Worst Drug Fraud in History? Do You Still Trust Them with Your Life?

 

'Drugmaker GlaxoSmithKline has preliminarily agreed to a $3 billion settlement over the sales and marketing practices of several of its drugs, including the diabetes drug Avandia.

This represents the largest federal drug-company settlement to date, surpassing the $2.3 billion paid by Pfizer in 2009 for illegally promoting off-label uses of four of its drugs. The sum, though extraordinarily large by most people's standards, represents only a slap on the wrist to the drug giant, which assured investors the payments would be funded by "existing cash resources."

To put things into perspective, GlaxoSmithKline has a market value of more than $110 billion, according to the New York Times.'

Read more...

• About
• Twitter
• Facebook
• Google+

Unknown

Iam Raju Al Nima From healtheverydays
Find out health informations update, beauty care,fitness energizing moves, easy recipes, expert tips, and advice on losing weight from healtheverydays

Likes

Dislikes

Share

?

@healthhotnews

new Health articles

Raju Al Nima

Posted by Unknown Posted on 11.51 with No comments