Glaxo S 3 Billion Doj Settlement May Rank As Largest Ever
In perhaps the largest drug settlement to date, GlaxoSmithKline PLC has announced that it will pay the federal government $3 billion. The Glaxo settlement will cover a number of ongoing federal civil and criminal investigations. These include allegations that the company engaged in the off-label marketing of Wellbutrin; downplayed the risks of Paxil and diabetes drug Avandia; and defrauded Medicaid. This deal doesn’t end Glaxo’s woes, as it is still facing a number of civil lawsuits brought by users of Avandia....