Wis. to get $9.6 million from GlaxoSmithKline settlement
MADISON, Wis. (AP) — The state of Wisconsin stands to receive $9.6 million in the national settlement with pharmaceutical giant GlaxoSmithKline over federal and state complaints related to marketing and pricing of its drugs.
State Attorney General J.B. Van Hollen says Monday the money will go to Wisconsin’s Medicaid program. GlaxoSmithKline agreed to pay $2 billion in damages and civil penalties along with a $1 billion criminal fine to settle charges it marketed certain drugs for uses not approved by the U.S. Food and Drug Administration.
Van Hollen says the settlement sends an important message to drug companies to market their products honestly.
Jul 3, 2012 at 9:31 a.m.
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The money is nice, but they need to take these exec's and put them in prison for a long time. Not the country club prison, the pound you in the you know where prison. They don't care about the money. They make millions personally thru fraud and the company makes tens of billions per year. a few billion every couple years in fines isn't going to deter anything.
Jul 3, 2012 at 7:34 a.m.
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One more example of gummint pushing around the poor business man. Walker should send the money back.
Jul 3, 2012 at 7:23 a.m.
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A win for the little guy....
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