Curbing Drug-Company Abuses: Are Fines Enough?

more+
less-

That’s the headline of a recent Time Magazine article. The question is whether relatively small fines (relative to drug company profits) are any real deterrent to continued false marketing practices. The article is a good read. Here are the opening paragraphs: In late April, when the Justice Department announced its deal with AstraZeneca for the pharmaceutical company to pay a $520 million fine, as a result of the off-label marketing of its blockbuster antipsychotic drug Seroquel, Justice officials called it a “historic settlement.” Attorney General Eric Holder, Health and Human Services Secretary Kathleen Sebelius and the head of the Food and Drug Administration held a press conference, trumpeting it as part of the Administration’s “top priority” fight against health care fraud. It was the largest ever civil-only fine imposed by the U.S. government for an off-label marketing offense — the promotion of the drug for uses not approved because it has not been shown safe, necessary and effective.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

more+
less-

Kraft & Associates on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×