The $3 Billion Slap on the Wrist!

Written By Bruce Chiropractic Center on August 8, 2012

Good Evening Everyone,

      Back in early July of this year, the British drugmaker GlaxoSmithKline plead guilty to criminal charges and agreed to pay a fine of $3billion to the U.S. Government (the Largest pharmaceutical settlement ever!!!).  Those charges were promoting its best-selling antidepressants for unapproved uses, failing to report safety information on diabetes drugs and improper marketing of many other drugs.  

      This story is disturbing for many reasons:
First, is that most people don't even know this story.  This should have been on major headlines, but instead it was barely talked about.  Everyone should know about such serious fines (largest ever!!!) and charges to a company that probably manufactures some or most of their medications.
Second is the amount of the fine.  Three Billion dollars seems like a large amount, but not if you are a major pharmaceutical company.  The company made $28 Billion on the drugs which make up for those in the criminal charges and settlement.  Some government officials consider the $3 billion fine to be just the cost of doing business for GlaxoSmithKline.
Third and definitely not the least reason for this story being disturbing, is the fact that this unethical/criminal practice is happening with many other pharmaceutical companies according to this source of information. 

      So according to some government officials, this huge fine is just a slap on the wrist to a powerful company such as GlaxoSmithKline.  The scary part is that since they are making so much money on the sale of these drugs (ethical/criminal or not), there's no reason for why they should stop with these criminal acts for which they plead guilty to.  They can keep paying the fines and continue to make Huge Profits! 

Take Home Message: 
*  Remember to always bring Dr. CommonSense to your doctor visits, and please do your research about treatments and drugs that are prescribed to you. 


Yours in Health,

Dr. Jeff

Source:
Glaxo Agrees to Pay $3 Billion in Fraud Settlement, July 2, 2012, The New York Times.               


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