Saturday, December 02, 2006

Pfizer - Lipitor: illegal parallel trade

Two pharmaceutical drug distributors pleaded guilty Thursday to taking part in a $42 million conspiracy to illegally import and sell the cholesterol reduction drug Lipitor and other medicines.

Richard K. Rounsborg, 48, of Kearney, Neb., and Albert David Nassar, 51, of New York, each pleaded guilty to conspiracy.

Rounsborg owned and operated Med-Pro Inc., a Lexington, Neb., company that repackaged pharmaceutical drugs for distribution in the secondary wholesale market.

Nassar was a co-owner of Worldwide Pharmaceuticals, which bought and sold drugs in the secondary market.

U.S. Attorney Bradley Schlozman said members of the conspiracy bought Lipitor intended for distribution in South America, then illegally imported it into the United States to sell it at a lower cost than Lipitor made for the U.S. market.

http://www.chron.com/disp/story.mpl/ap/fn/4370546.html

No comments: