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"There is a pathalogical lack of corporate integrity in many drug companies"

December 21 2013 at 7:14 AM
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Response to "Fines for Drug Companies Ineffective?"

"...Dr. Wolfe's analysis shows that from 2002, GSK and Pfizer were repeatedly fined, with penalties in the billions, for practices including fraudulent drug pricing, illegal off-label marketing of drugs, and paying kickbacks to healthcare professionals to encourage them to promote and prescribe drugs.

During this time, Dr. Wolfe notes, both companies signed several corporate integrity agreements, which are designed to prevent these offenses. The Office of the Inspector General negotiates such agreements with companies as part of the settlement of federal investigations. The terms include requiring companies to hire compliance officers or committees, develop written policies, and establish employee training programs.

On the basis of an analysis of the fines, Dr. Wolfe concludes, "There is a pathological lack of corporate integrity in many drug companies..."


 
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