[News] Pfizer Told to Pay $142.1 Million Over Marketing of Epilepsy Drug

Messages
890
Reaction score
1
Points
0
From BLOOMBERG NEWS Published: January 28, 2011

“Pfizer, the drug maker, has been ordered to pay a total of $142.1 million in damages for violating federal racketeering laws in the marketing of its epilepsy drug Neurontin.

Kaiser officials claimed they were duped into believing that migraines and bipolar disorder could be treated effectively with Neurontin, approved in 1993 by the Food and Drug Administration for epilepsy…”

For more information, go to:

http://www.nytimes.com/2011/01/29/business/29pfizer.html?_r=1&ref=neurontindrug
 

Birdbomb

VNS Guru
Moderator
Messages
2,397
Reaction score
7
Points
0
Judge Patti B. Saris of United States District Court in Boston upheld a jury’s finding that the Kaiser Foundation Health Plan and Kaiser Foundation Hospitals deserved the award over their claims that Pfizer illegally promoted Neurontin for unapproved uses.
In her ruling on Thursday, Judge Saris tripled the jury’s award of $47.3 million under a provision of the Racketeer Influenced and Corrupt Organizations Act of 1970.
HA-HA!

It gets better!


Pfizer currently faces more than 300 suits accusing it of illegally promoting Neurontin or hiding its health risks.
 

Birdbomb

VNS Guru
Moderator
Messages
2,397
Reaction score
7
Points
0
That's gotta hurt.

Maybe. Their profit margin was in the billions I think. Now if the other 300 lawsuits are awarded the same amounts, then it goes beyond pain.....Death By 1000 legal Papercuts
HA-HA!
 
Messages
890
Reaction score
1
Points
0
So the score as I can figure it out (I'm not too good at math), is Pfizer has been ordered to pay a total of $142.1 million in damages for violating federal racketeering laws in the marketing of Neurontin (used for epilepsy).

Kaiser claimed it was forced to pay $90 million more than it should have for the drug.

Pfizer currently faces more than 300 suits accusing it of illegally promoting Neurontin or hiding its health risks.

In 2004, Warner-Lambert pleaded guilty and agreed to pay $430 million to resolve off-label marketing allegations by the Justice Department.

So, the score (as I can figure it out, I'm not too good at math) is: $142.1 million against Pfizer and $430 million against Warner Lambert -- with Kaiser claiming $900 million.

One robbing from Peter to pay Paul. They're all greedy SOBs.
 
Top