Pfizer agrees to pay $35 million for improper marketing of Rapamune

7 August 2014
medical_legal_law_big

US pharma giant Pfizer (NYSE: PFE) has reached a $35 million settlement with 41 states in the USA and the District of Columbia for improper marketing and promotion of the immunosuppressive drug Rapamune (sirolimus).

New York Attorney General Eric Schneiderman said New York’s share of the settlement is more than $1.7 million.  Pfizer, which acquired Wyeth Pharmaceuticals in 2009, agreed to be bound by the judgment and to resolve allegations that Wyeth unlawfully promoted Rapamune. It follows a Justice Department ruling in July 2013 when Pfizer agreed to pay $490.9 million to resolve its criminal and civil liability arising from the Rapamune allegations.

Attorney General Schneiderman said: “There has to be one set of rules for everyone, no matter how rich or powerful, and that includes big pharmaceutical companies that make unapproved and unsubstantiated claims about products in order to boost profits. Patients and consumers need to have confidence in the truthfulness of claims made to them by medical providers without having to worry about drug companies manipulating the doctor-patient relationship. Their health and well-being depend on it.”

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK



Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Pharmaceutical