BTW, if you're wondering why senior management isn't being prosecuted? GSK is actually incorporated in the United Kingdom. The man who was the CEO at the time most of this happened, Jean Paul Garnier, is French.
I feel for the friends I've got that are working there still, because this may cause another round of layoffs. But how else do you punish a massive multinational corporation with $42 billion in annual turnover for something like this?
}:-)4
That is a big tax. . .
How are consumers compensated? (crickets)
$3 Billion is a massive hit?
$3 Billion is chump change. It’s considered a Line Item Expense by manufacturers figured in Before the start of a production run.
GSK’s Seroxat is sold in America as Paxil, exact same drug. The active ingredient is Paroxetine.
http://www.youtube.com/watch?v=TozBgI5LyGc
The person, dixiefid64, who made that vid suffered GSK’s 2 week discontinuation syndrome, for 22 MONTHS! He had to use a safety razor blade to shave the tablets down to taper off the drug.
Watch Britain’s Breckenridge squirm.
Watch Benbow play the wounded innocent.
No Suicide Risk?
Look it up.
http://lamplightersoftware.com/dsm.php
Only the US, in Less than 5 years, and only the suicides and attempts that got reported, because reporting drug AERs is Not Mandatory, it’s Voluntary.
Paroxetine Reported By
Adverse Reaction Cases MD CN OT PH LW NR
Suicidal Ideations 1,837 1,281 1,176 189 50 401 160
Attempted Suicides 786 592 522 121 89 151 48
Completed Suicides 921 616 474 78 34 631 51
Deaths Not From Suicide 238 141 131 21 19 4 33
Homicidal Ideations 136 53 144 28 11 22 4
Homicides 78 23 66 3 0 17 11
Hypomania/Mania 297 189 210 29 15 9 17
Heart Disease 1,149 432 1,436 1,236 595 381 48
Movement Disorders 2,273 1,207 1,416 237 129 468 163
Birth Defects 2,154 446 2,895 1,378 631 407 57
Premature Births 121 74 103 158 71 14 11
Prenatal/Neonatal Deaths 153 65 105 17 17 14 9
It Should have been $30 Billion and Felony convictions which would shut GSK Out of Medicare/Medicaid for 5 years.
And our own FDA isn’t One Bit better or more honest about cleaning up Pharmaceutical Fraud than the UK’s MHRA is.
This is probably a bad thing to say but I cannot help but wonder who they pissed off. Corporate crimes are rarely prosecuted and it is not because they do not commit crimes. Just look at the banking industry.
The DOJ is not a corporation but look at all their lawlessness. They make GSK look like saints.
Maybe someone should check out all those white coats that stood by Obama when he was cheerleading Obamacare! See how many have increased their wealth and/or if they even were doctors!
I bet these pills make people poop on the food carts on airplanes, too.
The sad part is when I read headlines like, “GlaxoSmithKline to pay $3 billion for health fraud” I no longer think badly about companies like GlaxoSmithKline. I now just figure our government is extorting them somehow into paying the “fines”. In my opinion, it is just an additional cost of doing business.
“GlaxoSmithKline LLC will pay $3 billion ...”
Who receives this payment? How much goes to lawyers?
Notice it doesn’t say that the meds were ineffective in their off labelnuses, just that the uses were not government approved.
Need to think about that one.