Pfizer Pays $2.3 Billion for Fraud and Criminal Settlement – Does it Ring a Bell!?

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medbellOne of the world’s largest drug maker Pfizer was recently slapped with the huge fines by the U.S. government after proving fraud and criminal allegations.

Pfizer agreed to pay $2.3 billion to settle civil and criminal allegations that it had illegally marketed its painkiller Bextra, which has been withdrawn & this has been considered as the largest healthcare fraud settlement and criminal fine so far. The charges says that Pfizer’s executives & sales representatives had planned and executed many illegal schemes to market Baxter and other drugs like Geodon, an antipsychotic; Zyvox, an antibiotic; and Lyrica, which treats nerve pain.

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