Glaxo Agrees to Pay $3 Billion in Fraud Settlement

GlaxoSmithKline

In the largest settlement involving a pharmaceutical company, the British drugmaker agreed to plead guilty to criminal charges and pay $3 billion in fines for promoting its best-selling antidepressants for unapproved uses and failing to report safety data about a top diabetes drug, federal prosecutors announced Monday. The agreement also includes civil penalties for improper marketing of a half-dozen other drugs.

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The fine against GlaxoSmithKline over , Wellbutrin, and the other drugs makes this year a record for money recovered by the federal government under its so-called whistle-blower law, according to a group that tracks such numbers.

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Source: The New York Times