Saturday, January 5, 2008

Drug Company Avoids Prosecution - Half Billion $

Bristol-Myers Squibb Company has agreed to a settlement in a variety of federal and state lawsuits accusing the company many issues of financial misconduct. The government is not going to pursue charges against the company, which keeps its relationship with government intact.

Between 2000 and 2003, Bristol-Myers Squibb paid out illegal gifts to doctors and health care providers to have them promote and prescribe the company's drugs.

The company was also accused of price inflation while defrauding public health care programs along with illegally promoting non-approved drugs for use on children and dementia patients.

What other industry could get away with so much and still be in good relationship with the government? Read the entire article.

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