Joint Effort

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Archive for February 1st, 2009

Pfizer Reserves $2.3 Billion – Just doing business…


 Drug Company Frauds are Pervasive and Large

bextra21Pfizer’s recent SEC report notes the company has reserved $2.3 billion “resulting from an agreement in principle to resolve previously disclosed investigations regarding allegations of past off-label promotional practices concerning Bextra, as well as other open investigations.”  When a settlement occurs, this will make Bextra the largest single settlement with an FCA component, dwarfing Eli Lilly’s $1.4 billion settlement announced just last week.  (To read more)

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