Drug Maker admitted fraud
Whats up with business, federal drug crime committed? For the nation No. 1 drug, the answer is: some pain, more profits.
Mid-May, Pfizer (PFE) Warner-Lambert division pleaded guilty to the sale of a drug Neurontin was illegal for the treatment of diseases for which it is not permitted. Pfizer, which do not own Warner-Lambert, if the government said that the bad pass is paid $ 430 million at the end settlement costs, including defrauding Medicaid.
Pfizer’s confession that one of his best success on drugs was a party to fraud May, humiliating, but it does not violate the bottom line. Neurontin last quarter, turnover increased by 32% a year ago, and 2004, last year the turnover of $ 2.7 billion. With few exceptions, governments for Medicaid programs pay only Neurontin as in the past and do so, the major insurers. (Reference to the story: Pfizer sign of the fight against the drug with new generics)
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