Wyeth Pharmaceuticals To Pay $490.9 Million For Promoting Unapproved Drug
The United States Justice Department charged Wyeth Pharmaceuticals $490.9 million for misbranding a drug. On July 30, the Justice Department informed that the company was regarded blameworthy to market an illegal drug that prevents the negative response of organ transplants. The report also revealed that Wyeth confessed the crime they have committed and granted to pay the fine imposed on them.
As informed by the source Wyeth settled to pay a sum of $233.5 million as criminal fine and forfeiture to the USA Justice Department. Moreover, they also agreed in the proposal of US District Court in Oklahoma to pay $157.58 million as a criminal fine and $76 million as forfeit assets.
According to the reliable source, if Wyeth would pay the hefty amount, which was charged on them for marketing an unapproved drug, they would resolve from the charge of civil liability and criminal offense.
In order to get licensure for pursuing their business, each company required to follow the strict rule of United States Food and Drug Administration. It is noticed that the alleged company has broken this rule by marketing Rapamune, a prescription drug that is listed as unsafe in the regulation of FDA.
However, it is noteworthy that the company granted approval from the USA Food and Drug Administration to market Rapamune for the patients having kidney or rental transplant. This immunosuppressive medicine allows the immune system of the patient to accept the transplanted organs. Focusing on this issue, FDA has granted them permission to use the drugs.
However, Wyeth Pharmaceuticals has gradually started to endorse the drugs in all types of transplant operations. FDA even found that the company did not hesitate to offer financial incentives to encourage the use of Rapamune and wanted to prove the effectiveness of Rapamune for all types of transplanted organs.
FDA took strict steps against this business strategy of the company that was entirely directed to increase the sales of the drugs and not in the welfare of the patients. Western District of Oklahoma’s US attorney informed that the companies, which disregarded the agreement of FDA to satisfy their corporate strategy by ignoring safety, would face rigid penalties and criminal prosecution.
As being revealed in the report of the US government that Wyeth even did not follow the False Claims Act for a long period. Between 1998 and 2009, they promoted Papamune for unlawful purposes that resulted in the violation of False Claims Act of the government.
It is noteworthy in the context that Pfizer, which purchased Wyeth in October 2009, informed that the agreement was signed between the Department of Justice and Wyeth Pharmaceuticals. According to a reliable source, in an email to AFP the company stated that Pfizer would assist the government in every step of the investigation. They most strikingly added that the Pfizer was not the target or subject of the matter.
Wyeth also accused for promoting unapproved Protonix, an acid reflux drug from February 2000 to June 2001. However, in that time, Pfizer granted to pay the fine of $55 million to resolve the charge.
In a Car Accident? Here’s How to Find a Great Lawyer
If you’ve recently been in a car accident, you know that it can be an overwhelming experience. Not only do...
Considering Therapy? Here’s a Few Common Therapy Techniques Explained
If you’re considering therapy as a means to improve your mental health, you may be curious about the type of...
Top 5 Home Repairs You Should Never DIY
DIY home repairs are all the rage these days. But before you jump on the bandwagon, there are some things...
The Power of CBD Oil for Relaxation: How to Use it for Sleep and Stress Relief
If you’re struggling to get a good night’s sleep or feeling stressed, try CBD oil. CBD oil has a moment...
Benefits of Getting your Mobile Phone Repair
Mobile phone repair is a task that needs high skills and experience. That is why we always recommend users trust...
Great Ways To Clean To Get Your Security Deposit Back In Full
Moving is almost always stressful as there are tons of things to plan and do. Getting your security deposit back...
DIY Garage Door Repair: Tips and Tricks for Fixing Common Problems and Maintaining Your System
If your garage door needs to be fixed, wait to call a repairer. Many common problems can be fixed quickly...
7 Tips to Choosing the Right University for You
Are you considering continuing your education at university? If so, it can be overwhelming to decide which school is right...
3 Ways Loans from Credit Unions Are Different From Major Banks
If you’re in the loan market, you may wonder if a credit union is the right choice. Here are three...
The World of Coffee: Exploring the Aromas, Flavors, and Benefits of the World’s Most Popular Beverage
Coffee is one of the world’s most popular beverages, enjoyed by people of all ages and backgrounds. It’s also one...
New Driver? 5 Things to Consider When Looking for Driving School
When it comes to choosing a driving school, there are many factors to consider. Not all driving schools are created...
Landscape Irrigation Systems: The Basics
If you’re a homeowner, you know that keeping your lawn and landscaping looking nice can be a lot of work....
5 Things to Look for in Luxury Hotels
When it comes to luxury hotels, there is a lot to look out for. Here are five key things that...
Is There a Difference Between Commercial and Residential Concrete?
If you’re a contractor, you know that concrete is a versatile construction material. But did you know that there are...
5 Tips to Find the Right Litigation Firm
When it comes to selecting the right litigation firm for your legal needs, choosing wisely is of utmost importance. It’s...
Tech8 years ago
Creating An e-Commerce Website
Tech8 years ago
Design Template Guidelines For Mobile Apps
Business3 years ago
What Is AdsSupply? A Comprehensive Review
Business7 years ago
The Key Types Of Brochure Printing Services
Law2 years ago
How Can A Divorce Lawyer Help You Get Through Divorce?
Tech5 years ago
When To Send Your Bulk Messages?
Travel11 years ago
Who Else Wants Also Nfl Hat
Tech2 years ago
5 Link Building Strategies You Can Apply For Local SEO