Hey gringo's, how are things down in Puerto Rico? I hear you had a bit of a bad time trying to defend your misdemeanour's. A criminal charge no less. Let's hope it's the start of many to come.
Yet more loose change to throw at a lawsuit, huh? Your CEO, Andrew Witty, should be held accountable or even JP Garnier, you know, the guy who was given a golden handshake upon his retirement from your company.
My only surprise is, on this occasion, you didn't tout the usual line. "Our contaminated medicines have helped millions of people worldwide...blah, blah, blah..."
PS - Thanks for giving me this opportunity to update the Afterword of my book. You guys sure do rock!
Glaxo to Plead Guilty, Pay $750 Million in Probe of Plant
GlaxoSmithKline PLC finalized a pact to pay $750 million and plead guilty to a criminal charge to settle a U.S. government investigation of manufacturing deficiencies at its former plant in Puerto Rico.
Glaxo previously disclosed in July it had reached an agreement in principle to settle the probe, which stemmed from the manufacture of defective pills including the Paxil antidepressant at Glaxo's plant in Cidra, Puerto Rico, between 2001 and 2005. U.S. authorities found that some tablets could split apart or had inappropriate amounts of active ingredient, posing safety risks. Glaxo has since closed the facility.
The U.S. Attorney's Office in Boston announced the final settlement Tuesday afternoon.
A Glaxo unit, SB Pharmco, has agreed to plead guilty to a criminal felony for releasing into interstate commerce adulterated drugs. Some $150 million of the settlement is a criminal fine, including forfeiting assets of $10 million.
MORE HERE
“I’ll be a hero in three years” – JP Garnier, 5 April 2004
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'THE EVIDENCE, HOWEVER, IS CLEAR...THE SEROXAT SCANDAL' By Bob Fiddaman
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