REAL WORLD EVENT DISCUSSIONS

Feds found Pfizer too big to nail

POSTED BY: NIKI2
UPDATED: Saturday, April 3, 2010 05:59
SHORT URL:
VIEWED: 359
PAGE 1 of 1

Saturday, April 3, 2010 5:59 AM

NIKI2

Gettin' old, but still a hippie at heart...


Fucking unbelievable:
Quote:

Imagine being charged with a crime, but an imaginary friend takes the rap for you.

That is essentially what happened when Pfizer, the world's largest pharmaceutical company, was caught illegally marketing Bextra, a painkiller that was taken off the market in 2005 because of safety concerns.

When the criminal case was announced last fall, federal officials touted their prosecution as a model for tough, effective enforcement. "It sends a clear message" to the pharmaceutical industry, said Kevin Perkins, assistant director of the FBI's Criminal Investigative Division.

Promoting drugs for unapproved uses can put patients at risk by circumventing the FDA's judgment over which products are safe and effective. For that reason, "off-label" promotion is against the law.

But with billions of dollars of profits at stake, marketing and sales managers across the country nonetheless targeted anesthesiologists, foot surgeons, orthopedic surgeons and oral surgeons. "Anyone that use[d] a scalpel for a living," one district manager advised in a document prosecutors would later cite.

A manager in Florida e-mailed his sales reps a scripted sales pitch that claimed -- falsely -- that the FDA had given Bextra "a clean bill of health" all the way up to a 40 mg dose, which is twice what the FDA actually said was safe.

But when it came to prosecuting Pfizer for its fraudulent marketing, the pharmaceutical giant had a trump card: Just as the giant banks on Wall Street were deemed too big to fail, Pfizer was considered too big to nail.

Why? Because any company convicted of a major health care fraud is automatically excluded from Medicare and Medicaid. Convicting Pfizer on Bextra would prevent the company from billing federal health programs for any of its products. It would be a corporate death sentence.

Prosecutors said that excluding Pfizer would most likely lead to Pfizer's collapse, with collateral consequences: disrupting the flow of Pfizer products to Medicare and Medicaid recipients, causing the loss of jobs including those of Pfizer employees who were not involved in the fraud, and causing significant losses for Pfizer shareholders.

"We have to ask whether by excluding the company [from Medicare and Medicaid], are we harming our patients," said Lewis Morris of the Department of Health and Human Services.

http://www.fireflyfans.net/newmthread.asp?b=18

Got us again, din't they? Too big to fail; too big to nail...and the little guy is caught in the middle!


"I'm just right. Kinda like the sun rising in the east and the world being round...its not a need its just the way it is." The Delusional "Hero", 3/1/10

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

YOUR OPTIONS

NEW POSTS TODAY

USERPOST DATE

OTHER TOPICS

DISCUSSIONS
Khamenei, One of Most Evil People in History, is Dead
Sun, May 17, 2026 23:40 - 405 posts
In the garden, and RAIN!!! (2)
Sun, May 17, 2026 23:35 - 7218 posts
Russia Invades Ukraine. Again
Sun, May 17, 2026 15:18 - 10154 posts
Do you feel like the winds of change are blowing today too?
Sun, May 17, 2026 05:54 - 4574 posts
Politics is so broken it’s driving people to therapy
Sun, May 17, 2026 04:42 - 3 posts
Countdown Clock Until Vladimir Putins' Rule Ends
Sun, May 17, 2026 03:33 - 192 posts
The map is becoming so tilted that a four-point Democratic win might not be enough for a majority.
Sat, May 16, 2026 19:08 - 4 posts
Music 4
Sat, May 16, 2026 18:45 - 70 posts
News from the environment...for those interested
Sat, May 16, 2026 18:18 - 33 posts
We haven't forgotten about you...
Sat, May 16, 2026 17:09 - 6 posts
Wahhabsim: The philosophy of Saudi jiahd, and ISIS
Sat, May 16, 2026 08:43 - 45 posts
Asia has defeated the USA using 'Soft Power' ???
Sat, May 16, 2026 08:38 - 113 posts

FFF.NET SOCIAL