Pharmaceutical company Pfizer pays 2.3 billion U.S. dollars for illegal advertising practices
September 3, 2009
The pharmaceutical company Pfizer Inc., the world's largest drug producer, has agreed to a settlement record of 2.3 billion U.S. dollars (£ 1.6 billion) for illegal advertising practices. The U.S. Department of Justice said Wednesday that it is the highest settlement ever, namely 1.2 billion U.S. dollars, and other penalties.
The case has civil and criminal aspects. Pfizer is a repeat offender named as the fourth settlement in the past ten years is. The government will be undertaking the next five years in mind. Pfizer invited to promote drugs to doctors from luxury tourist resorts.
All expenses were paid and the guests were pampered in every possible way. "They were maintained with golf, massages and other activities", said prosecutor Mike Loucks.
Pfizer did with the illegal practices by the company while negotiations carried on settlements. Six whistleblowers who revealed the misconduct to share 102 million U.S. dollars in compensation funds.
Sources: Google Translate