GSK to Pay $3Bn to Settle US Drug Fraud Charges
GSK will pay $3 billion in fines after reaching an agreement with the US government, several states and the district of Columbia.
Pharmaceutical giant GlaxoSmithKline (GSK) has agreed to pay $3 billion to settle criminal and civil liabilities that it unlawfully promoted certain prescription drugs in the US.
The company also said it would plead guilty to failing to report safety data about diabetes drug Avandia to the US Food and Drug Administration.
The figure makes it the largest healthcare fraud settlement in the US to date and should bring an end to federal government investigations into the matter.
In a statement released yesterday (July 2nd), GSK confirmed that it had reached an agreement with the US government, multiple states and the district of Columbia.
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