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  • Unfair practices: Pharma cos paid $13bn fine in 4 yrs

Unfair practices: Pharma cos paid $13bn fine in 4 yrs

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Times Of India
16 july 2012

Revenue From ‘Faulty’ Drugs Exceed Penalty

In the past four years, leading members of big pharma like GlaxoSmithkline (GSK), Pfizer, Johnson & Johnson, Astra–Zeneca, Merck, Abbot, Eli Lilly and Allergen have paid about $13 billion in fines to settle charges of misleading marketing – promising what drugs don’t do – bribing doctors to get their drugs prescribed, causing sometimes fatal side effects, and other crimes. The patients targeted by them ranged from children to dementia–afflicted senior citizens.

An analysis of their total revenues and the income from the drugs they are charged with shows that while huge, the fines are at best slaps on the wrist – their jaw dropping revenues far outweigh the penalties.

Here are the facts: GlaxoSmithKline was fined $3 billion by the US justice department for marketing drugs for unapproved uses, paying kickbacks to doctors and the Medicare system, downplaying known risks of certain drugs.

They sold Paxil, an antidepressant, to children for whom it was not shown to work. They sold Wellbutrin, another antidepressant, as a pill for weightloss and erectile dysfunction. They sold the anti–diabetic pill Avandia concealing data that showed it increased cardiac risks. But in the years it took for all this to come through, GlaxoSmithkline had made $11.6 billion on Paxil, $5.9 billion on Wellbutrin and $10.4 billion on Avandia. That’s $27.3 billion – about nine times the fine they are paying now to settle the investigations.

Pfizer, the world’s biggest pharma company with annual revenue of over $67 billion last year, paid up $2.3 billion in 2009 to settle a similar investigation. The drugs involved were Bextra, Geodon, Zyvox and Lyrica. Pfizer had been using illegal methods to sell them, like giving junkets and cash to sales reps for pushing the anti–arthritic pain killer Bextra as an all–purpose pain killer.

And so it goes on. Johnson & Johnson has appealed against an Arkansas judge’s ruling to cough up $1.2 billion for off–label marketing of Risperdal, Medicaid fraud and paying kickbacks to nursing care provider Omnicare. But industry experts say that J&J is going to settle with the US justice department for $2.2 billion and avoid nationwide penalties which would run into billions.

Abbott Laboratories aggressively pushed the anti–epilepsy blockbuster drug Depakote on elderly dementia patients saying that it helped control their agitation. There was no evidence that it did so. In fact, there was evidence of adverse effects. This year, Abbott agreed to settle all claims for $1.6 billion. Abbott had $38.85 billion sales last year.

In 2011, Merck agreed to pay a fine of $950 million for selling Vioxx, a painkiller for four years before withdrawing it in 2004. It earned about $11 billion from Vioxx, but left behind a trail of patients with heart seizures and strokes.

In the past decade several other cases of fines for marketing violations have cropped up including Bristol–Myers Squibb ($515 million for Abilify) and Purdue ($634.5 million for Oxycontin), both in 2007; Eli Lilly ($1.4 billion for Zyprexa) in 2009; and Novartis ($422.5 million for Trileptal) in 2010.


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