Wednesday, September 02, 2009

Get your Pfizer Pfelon commemorative tee shirt here!

Pfizer, the world's largest drug maker, will pay a record $2.3bn (£1.4bn) civil and criminal penalty over unlawful prescription drug promotions, the US Justice Department announced today.

The department said the $2.3bn settlement included a $1.2bn criminal fine, the largest criminal fine in US history. The agreement also included a criminal forfeiture of $105m.

The whistleblower to thank:

The decision by a Pfizer sales representative in Florida to file a whistleblower ("qui tam") lawsuit in 2003 kicked off the federal and state investigations that led to Pfizer's record-breaking $2.3 billion settlement today.

"In the Army, I was expected to protect people at all costs," said the whistleblower, John Kopchinski, a West Point graduate and Gulf War veteran. "At Pfizer I was expected to increase profits at all costs, even when sales meant endangering lives. I couldn't do that."

1 comment:

albruno said...

no way that can't be possible that's terrible