List of largest pharmaceutical settlements
List of Largest Pharmaceutical Settlements
The List of Largest Pharmaceutical Settlements refers to the highest monetary agreements reached between pharmaceutical companies and various legal entities, often as a result of lawsuits or regulatory actions. These settlements often involve allegations of illegal marketing practices, fraud, or other violations of federal laws.
Overview[edit | edit source]
Pharmaceutical settlements are often the result of legal actions taken against pharmaceutical companies for various reasons. These can include allegations of off-label marketing, failure to disclose known side effects, fraudulent pricing practices, or violations of the False Claims Act. The settlements are typically monetary and can range from millions to billions of dollars.
Notable Settlements[edit | edit source]
GlaxoSmithKline[edit | edit source]
In 2012, GlaxoSmithKline agreed to a $3 billion settlement with the U.S. government over allegations of illegal marketing practices and failure to report safety data. This remains the largest pharmaceutical settlement in history.
Pfizer[edit | edit source]
In 2009, Pfizer agreed to a $2.3 billion settlement over allegations of off-label marketing and kickbacks. This was the largest healthcare fraud settlement in the history of the Department of Justice.
Johnson & Johnson[edit | edit source]
In 2013, Johnson & Johnson agreed to a $2.2 billion settlement over allegations of off-label marketing and kickbacks. This was one of the largest healthcare fraud settlements in U.S. history.
See Also[edit | edit source]
References[edit | edit source]
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