In 2002…
Pfizer agreed to pay $49 million to settle charges that one of its subsidiaries defrauded the federal Medicaid program by overcharging for its cholesterol-lowering drug Lipitor.
In 2003…
Pfizer paid $6 million to settle with 19 states that accused it of using misleading ads to promote the antibiotic Zithromax (Z-Pak), used for children’s ear infections.
The claim alleged that Pfizer “overstated the benefits and efficiency of Zithromax when compared to other comparable antibiotics.”
Pfizer agreed to pay $49 million to settle charges that one of its subsidiaries defrauded the federal Medicaid program by overcharging for its cholesterol-lowering drug Lipitor.
In 2003…
Pfizer paid $6 million to settle with 19 states that accused it of using misleading ads to promote the antibiotic Zithromax (Z-Pak), used for children’s ear infections.
The claim alleged that Pfizer “overstated the benefits and efficiency of Zithromax when compared to other comparable antibiotics.”
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☝️☝️ in 2010, a federal jury found that Pfizer committed racketeering fraud in its marketing of Neurontin. They were ordered to pay an additional $142 million in damages.
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☝️☝️The criminal fine of $1.195 billion in that settlement still represents the largest criminal fine ever imposed in the United States for any matter.
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In 2011…
Pfizer agreed to pay $14.5 million to resolve False Claims Act accusations that it illegally marketed its drug Detrol.
In 2012…
the U.S. Securities and Exchange Commission announced that it had reached a $45 million settlement with Pfizer to resolve charges that its subsidiaries had bribed overseas doctors and other healthcare professionals.
Pfizer agreed to pay $14.5 million to resolve False Claims Act accusations that it illegally marketed its drug Detrol.
In 2012…
the U.S. Securities and Exchange Commission announced that it had reached a $45 million settlement with Pfizer to resolve charges that its subsidiaries had bribed overseas doctors and other healthcare professionals.
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In 2012…
Pfizer was hit with another massive fine…this time to settle claims that the side effects of its Hormone Replacement Therapy (HRT) drug Prempro caused breast cancer.
Around 10,000 women filed a lawsuit against the company, alleging that the drug maker withheld information about the potential risks of breast cancer from HRTs. The $1.2 billion settlement came after six years of trials.
Pfizer was hit with another massive fine…this time to settle claims that the side effects of its Hormone Replacement Therapy (HRT) drug Prempro caused breast cancer.
Around 10,000 women filed a lawsuit against the company, alleging that the drug maker withheld information about the potential risks of breast cancer from HRTs. The $1.2 billion settlement came after six years of trials.
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