As follow up to the previous post, more than half of the fradulent behavior from Big Pharma falls on the shoulders of the Big Four Offenders as reported in the Pharma Times via a Public Citizen analysis of the statistics.
The four companies - GlaxoSmithKline, Pfizer, Eli Lilly and Schering -Plough - and they accounted for more than half of all financial penalties over the past two decades, paying $10.50 billion in fines collectively. The two largest fines ever assessed by the US government against any companies were against Lilly ($515 million) and Pfizer ($1.2 billion), both in 2009.
Can anyone say Patent Cliff (and poor following pipeline) as a motivator of criminal or ethically challenged behavior?
Posted by Bruce Lehr December 20th 2010.
More on the Public Citizen report from the BioJobBlog
http://www.biojobblog.com/2010/12/articles/biobusiness/study-finds-pharma-wrongdoing-on-the-rise/
Posted by: bigredbruce | 12/29/2010 at 03:27 PM