government

Drug company CEOs targeted in government crackdown of illegal marketing

Tuesday, September 20, 2011 by: PF Louis
Tags: drug companies, marketing fraud, health news

eTrust Pro Certified

Most Viewed Articles
Popular on Facebook
Biologist explains how marijuana causes tumor cells to commit suicide
Companies begin planting microchips under employees' skin
NJ cops bust teenagers shoveling snow without a permit
Chemotherapy kills cancer patients faster than no treatment at all
U2's Bono partners with Monsanto to destroy African agriculture with GMOs
FDA targets Dr. Bronner's Magic Soaps for sharing health benefits of coconut oil
Italian court rules mercury and aluminum in vaccines cause autism: US media continues total blackout of medical truth
Orthorexia Nervosa - New mental disorder aimed at people who insist on eating a clean diet
Whooping cough outbreak at Massachusetts high school affected only vaccinated students
Inuit Elders tell NASA Earth Axis Shifted
Vaccine flu shots still contain 25 micrograms mercury - 100 times the concentration of 'mercury-loaded' fish
Measles outbreak likely caused by vaccinated children, science shows
Baby formula is loaded with GMOs - Avoid these brands
Extreme trauma from male circumcision causes damage to areas of brain
Terminal stage IV lung cancer patient miraculously cured by cannabis oil
Costco stops selling antibiotic laden chicken in response to consumer demand
FDA cracks down Walmart, GNC, other companies selling supplements that do not contain the herbs on the label
McDonald's french fries found to contain Silly Putty ingredient and petroleum chemical

Delicious
(NaturalNews) Pharmaceutical companies are often prosecuted for off label marketing. Off label marketing is a form of fraud where the company pushes a drug with higher doses than the FDA permits, for a purpose not approved, or to a group for whom it is not allowed.

If the government successfully prosecutes an offending pharmaceutical company for off label marketing, the government is obliged to ban that company from future sales to government medical agencies, such as Medicare, Medicaid, or The Veterans Administration (VA).

That's a lot of lost business, which can result in either a collapse of that company or some serious downsizing. What happens if a transgressing company is too big to fail and another is not?

Pfizer and Forest Labs

Everyone knows the name Pfizer. They were prosecuted successfully in late 2009 for aggressive off label marketing and other violations. The Department of Justice (DOJ) prosecuted and collected the largest sum of criminal civil claims ever from a pharmaceutical company, $2.2 billion.

Considering the billions Pfizer made over the years of aggressive illicit marketing, this was chump change. But what about the loss of revenue while being banned from drug or medical equipment sales to government agencies?

Pfizer called on a shell company to take the fall. Pharmacia, a shell company listed as a Pfizer subsidiary, was used for that purpose in 2007, and in 2009 Pharmacia took the fall again. Both times, this arrangement was allowed because Pfizer is "too big to nail." (NN and CNN sources below)

In 2010, when a smaller company, Forest Laboratories, got prosecuted for similar offenses, they settled with the DOJ for $313 million. Then earlier in 2011, the CEO, 83 year old Howard Solomon was told to vacate his position or the company would not be allowed to sell drugs and medical devices to government groups. Evidently, Forest Labs is not too big to nail.

Many business news analysts objected, but mostly about government meddling with firing the CEO of a private company. But CEO and other management level executives should be held responsible. Imagine if vaccine injury claims could be directed at Big Pharma executives directly!

Punish a corporation, but leave those who were calling the shots alone is the way the corporate legal structure was set up. It's a bad idea. All Big Pharma corporate executives should be prosecuted individually and jailed or kicked out after being fined if found guilty.

Unfortunately, what pulls Big Pharma out of serious trouble is the foolishly accepted propaganda that we need them to be healthy. That makes them too big to fail or nail while they make lots of money poisoning us.

Sources include:

NN Pfizer too big to nail ... http://www.naturalnews.com/029537_Pfizer_fra...

NN on Big Pharma's marketing and profits over health http://www.naturalnews.com/020345_drug_marke...

CNN Report on Pfizer's deal http://edition.cnn.com/2010/HEALTH/04/02/pfi...

Good overview of Solomon/ Forest Labs case http://www.minyanville.com/businessmarkets/a...

DOJ report on the Forest Labs case http://www.justice.gov/opa/pr/2010/September...

Join over four million monthly readers. Your privacy is protected. Unsubscribe at any time.
comments powered by Disqus
Take Action: Support NaturalNews.com by linking back to this article from your website

Permalink to this article:

Embed article link: (copy HTML code below):

Reprinting this article:
Non-commercial use OK, cite NaturalNews.com with clickable link.

Follow Natural News on Facebook, Twitter, Google Plus, and Pinterest

Colloidal Silver

Advertise with NaturalNews...

Support NaturalNews Sponsors:

Advertise with NaturalNews...

GET SHOW DETAILS
+ a FREE GIFT

Sign up for the FREE Natural News Email Newsletter

Receive breaking news on GMOs, vaccines, fluoride, radiation protection, natural cures, food safety alerts and interviews with the world's top experts on natural health and more.

Join over 7 million monthly readers of NaturalNews.com, the internet's No. 1 natural health news site. (Source: Alexa.com)

Your email address *

Please enter the code you see above*

No Thanks

Already have it and love it!

Natural News supports and helps fund these organizations:

* Required. Once you click submit, we will send you an email asking you to confirm your free registration. Your privacy is assured and your information is kept confidential. You may unsubscribe at anytime.