3. “Obviously crime pays, or
there’d be no crime” Gordon Liddy
B M J has an editorial written
by the editor Fiona Godlee how
drug cos make mind boggling
profits in billions by crimes
committed knowingly. One of
the British drug makers who
has large interest in US as well
fined $ 3 Billion one of the
largest fraud settlement in
history for marketing its
4. drugs Paxil & Wellburtin for
unapproved uses hiding the
deadly side effects of its
Avandia- Diabetes drug from
FDA the co agreed to plead
guilty to the criminal charges
by justice dept. in US district
court of Boston. On July 2nd
2015. agreement was the co
will pay $ 1 billion in criminal
fines + $2 billion for civil
damages
5. Co also agreed to be monitored
closely for 5 yrs by Govt. in its
daily activities. Common man
thinks it is huge fine
punishment to co. Head of the
justice dept also said the
admin is committed to defeat
every tool of healthcare fraud.
Why this co is fined in the first
place? The co influenced
hundreds of doctors to suggest
its anti depressant drug Paxil
6. to children younger than 18
yrs fraudulently. The co bribed
docs with conferences,
snorkeling, horse back rides,
balloon trips at Hawaii,
California. Cash payments of $
750 to increase Paxil sales.
The drug was never approved
by FDA for use in children. The
co also misbranded its anti
depressant for weight loss,
Sexual dysfunction wrongly
7. Co failed to give the safety
data gathered between 2001 &
2007 through post marketing
studies. Their Avandia type-2
diabetes drug increased the
risk of heart attack and
congestive heart failure. The
company also paid a huge
amount to settle 35000 law
suits from patients relatives
for the suffering and death of
patient due to drug use.
8. Does any one believe that these
Drug cos will now stop their
mafia operations. See how
much profits this co made in
just 1 yr! Avandia racked up $
10.4 Billion, Paxil brought in $
11.6 Billion, Wellburtin sales
were $ 5.9 Billion. Netting to $
23 Billion in 1 yr. they sold
like that for more than 10 yrs
and might have netted about $
230 Billion (Rs. 151800 Cr)
9. They paid $ 3 Billion which is
less than 1.5% of their
earnings. It is peanuts to them.
If Govt is sincere they might
have closed up the show. They
should prosecute the CEO and
put him behind bars for cold
blooded murders of
unsuspecting patients apart
from the health hazards they
have faced troubling their
families.
10. As of now the sad truth is
pharmaceutical drugs are
the best weapons of mass
destruction in a civilized
way. 007 licensed to kill
“Make crime pay. Become a
lawyer”
-Will Rogers