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9.03.2009

Pfizer pays $2.3B fine for illegally marketing drugs

From DOJ.gov:

As a part of today’s resolution, six whistleblowers will receive payments totaling more than $102 million from the federal share of the civil recovery.
It's the first-Ever Qui Tam Whistleblower Settlement of its type. In common law, a writ of qui tam is a writ whereby a private individual who assists a prosecution can receive all or part of any penalty imposed. From Wikipedia.

From Reuters:
The government also discovered that Pfizer offered and paid illegal compensation to health care professionals to induce them to promote and prescribe Zyvox in violation of federal kickback laws.
It was the largest health care fraud settlement and the largest criminal fine of any kind ever.