Once again, drug giants are being reminded that the government and the public sort of frown upon pharmaceutical companies doing things like bribing doctors with lavish vacations to get them to prescribe a drug to their patients. And illegally promoting a drug and/or knowingly withholding information about dangerous side effects? Yeah, that’s not okay, either. If previous lawsuits against companies like Pfizer and Eli Lilly didn’t get that point across, the recent settlement with GlaxoSmithKline to the tune of $3 billion just might.
GlaxoSmithKline (GSK) is the largest of the pharmaceutical giants, and has just made the largest settlement of healthcare fraud is U.S.history. The $3 billion settlement included $1 billion for criminal fraud and $2 billion for civil liabilities, to which the company has agreed to plead guilty.