(NaturalNews) In the largest criminal fine ever levied against any drug company in the world,
burberry, a unit of U.S.-based Pfizer,
louboutin, Inc. was sentenced to pay $1.3 billion in criminal fines and revenue forfeiture. It's all part of a $2.3 billion settlement announced by the Justice Department. The case centers around Pfizer's criminal "off-label marketing" of four drugs, including the painkiller Bextra. After whistleblowers filed lawsuits in three states,
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In the settlement,
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Part of the reason the penalty against Pfizer was so large is because the company was considered a "repeat offender" in promoting drugs for unapproved uses (which is a violation of federal law).
Off-label marketing makes a mockery of modern medicineSo-called "off-label" marketing of drugs is rampant in the pharmaceutical industry. Although the FDA,
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Drug companies take advantage of this gaping hole in regulatory oversight by getting their drugs approved by the FDA for one health condition, then heavily promoting it for numerous unrelated conditions. A drug approved for high blood pressure, for example,
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The same is true with the intended demographics of pharmaceuticals: Drug companies often get their drugs approved for adults, then they market those drugs to children even though the drugs have never been tested with children.
The result is a pharmaceutical industry that appears to be highly regulated,
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Sources for this story include:
Bloomberg
Reuters
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