GSK hit with $750m fine

first_img GSK hit with $750m fine whatsapp Share Tags: NULL whatsapp KCS-content center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼ Tuesday 26 October 2010 8:36 pm GlaxoSmithKline yesterday agreed to pay $750m (£473m) after pleading guilty to manufacturing and distributing adulterated drugs from a plant in Puerto Rico.The company admitted in July it had reached an agreement in principle relating to problems at the plant and would pay out to resolve the allegations.The case centred around the anti-nausea medicine Kytril, skin ointment Bactroban, anti-depressant Paxil CR and diabetes drug Avandamet, which were made at the plant between 2001 and 2005.Of the $750m, Glaxo will pay $600m to settle allegations that, because the drugs were adulterated, false claims for reimbursement were submitted to government healthcare programs.SB Pharmco Puerto Rico, the plant where the drugs were manufactured, will plead guilty to releasing adulterated medicines and pay a $150m, including forfeiture of $10m in assets.The whistleblower who filed a lawsuit under the US False Claims Act will receive about $96m from the federal share of the settlement, the Justice Department said.A federal judge must approve the plea agreement.Glaxo expressed regret that its factory did not operate within the necessary standards and practices.A company spokesman said: “We worked hard to resolve fully the manufacturing issues at the facility prior to its closure in 2009 and we are committed to continuous improvement in our manufacturing processes.”The company no longer owns the facility. last_img

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