02 Jul '12, 11pm

GlaxoSmithKline fined $3.79 billion in US for healthcare fraud

GlaxoSmithKline fined $3.79 billion in US for healthcare fraud

GlaxoSmithKline (GSK) was socked with US$3 billion (S$3.79 billion) in fines by United States (US) authorities on Monday over charges it marketed drugs for unauthorised uses, held back safety data, and cheated the government's Medicaid programme. -- PHOTO: AP NEW YORK (AFP) - GlaxoSmithKline (GSK) was socked with US$3 billion (S$3.79 billion) in fines by United States (US) authorities on Monday over charges it marketed drugs for unauthorised uses, held back safety data, and cheated the government's Medicaid programme. In a longstanding case that officials said bared the ugly underside of the US pharmaceutical industry, GSK was also accused of paying kickbacks to doctors, paying for expensive trips and other benefits, to gain their support for the drugs the company was pushing. GSK, one of the world's largest health care and pharmaceuticals companies, pleaded guilty on thre...

Full article: http://www.straitstimes.com/BreakingNews/World/Story/STIS...

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