Tuesday, October 06, 2009

Pfizer's recidivism - Martha Rosenberg writes

It's Deja Vu All Over Again for Pfizer

Pfizer's $2.3 billion settlement announced last month by the US Department of Justice, for fraudulent marketing of Bextra, Geodon, Lyrica and Zyvox inducts the world's biggest drug maker into the pharma Three-Peat Hall of Fame.

It's only been five years since Pfizer agreed to pay $430 million for seizure drug Neurontin abuses and entered into a Corporate Integrity Agreement (CIA), a trust-but-verify arrangement with the Office of Inspector General of the Department of Health and Human Services, in 2004.

And it's only been seven years since Pfizer agreed to pay $49 million to settle charges it defrauded Medicaid by overcharging for cholesterol drug Lipitor and entered into another CIA in 2002.

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