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New York News
Tue July 3, 2012
NY State to Get $146M in Drug Settlement
New York stands to receive $146 million in the national settlement with pharmaceutical giant GlaxoSmithKline, which has agreed to pay $3 billion overall to settle federal and state complaints related to marketing and pricing of its drugs. WAMC's Dave Lucas reports...
New York Attorney General Eric Schneiderman says the record recovery will go to the state's Medicaid program.
GlaxoSmithKline has agreed to pay $2 billion in damages and civil penalties and a $1 billion criminal fine, settling charges it marketed certain drugs for uses not approved by the U.S. Food and Drug Administration.
Charges include marketing the depression drug Paxil for off-label use by children.
The company says it has changed compliance procedures and is pleading guilty to misdemeanor federal charges, while admitting no wrongdoing in the broader civil settlement.
Dave Lucas, WAMC News.
Copyright 2012 The Associated Press. All Rights Reserved.