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The following are settlements reached with US authorities against pharmaceutical companies to resolve allegations of "off-label" promotion of drugs. Under the Federal Food, Drug, and Cosmetic Act, it is illegal for pharmaceutical companies to promote their products for uses not approved by the Food and Drug Administration (FDA), and corporations that market drugs for off-label indications may ...
Wyeth Pharmaceuticals Inc. was a pharmaceutical company until it was purchased by Pfizer in 2009. The company was founded in Philadelphia, Pennsylvania, in 1860 as John Wyeth and Brother.
The pharmaceutical giant Pfizer will pay nearly $60 million to resolve charges that a company it acquired paid kickbacks so that physicians would prescribe a specific migraine drug to patients.
The acquisition gave Pfizer access to Wyeth's entire product line, eight late-stage clinical trials, and four compounds awaiting FDA approval. [12] [13] [14] Kindler established Pfizer's program to distribute more than 70 of its medications for free to people who meet certain criteria, including job loss and the absence of prescription drug ...
Pfizer (PFE) reported fourth-quarter earnings on Tuesday that nearly quadrupled from a year ago as revenue rose 6%, thanks to products from the Wyeth acquisition. The world's biggest drugmaker ...
NEW YORK (Reuters) -A federal appeals court on Monday rejected Pfizer Inc's challenge to a U.S. anti-kickback law the drugmaker said prevented it from helping heart failure patients, many with low ...
At Wyeth, he uncovered tax evasion practices, and after informing senior company executives, was transferred from Sweden to a post in New Jersey. Rost sued the company, saying that the transfer was a retaliatory demotion, though the company said it was a promotion. Rost settled with Wyeth for an undisclosed amount in 2003. [1]
Pfizer Subsidiary, Wyeth LLC, to Redeem 5.500% Notes Due March 15, 2013 NEW YORK--(BUSINESS WIRE)-- Pfizer Inc. (NYS: PFE) today announced that Wyeth LLC, its wholly-owned subsidiary, has notified ...
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