Tuesday, 7 October 2014

GlaxoSmithKline Fined $490m for Bribing Doctors (again)


Is any other industry quite this corrupt?

The very industry you trust to deliver the best possible cancer treatments has proved itself again and again to be an out of control monster that will lie cheat and bribe in order to sustain its profits and
unrivalled greed.

GlaxoSmithKline Fined $490m by China for 

Bribing Doctors!

China has fined UK pharmaceuticals firm GlaxoSmithKline $490m (£297m) after a court found it guilty of bribery.  BBC News: GlaxoSmithKline $490m Fine
The record penalty follows allegations the drug giant paid out bribes to doctors and hospitals in order to have their products promoted.
The court gave GSK's former head of Chinese operations, Mark Reilly, a suspended three-year prison sentence and he is set to be deported.
Other GSK executives have also been given suspended jail sentences.
The guilty verdict was delivered after a one-day trial at a court in Changsha, according to the Xinhua news agency.
Chinese authorities first announced they were investigating GSK in July last year, in what has become the biggest corruption scandal to hit a foreign firm in years. The company was accused of having made an estimated $150m in illegal profits
GSK said it had "published a statement of apology to the Chinese government and its people".
"Reaching a conclusion in the investigation of our Chinese business is important, but this has been a deeply disappointing matter for GSK," said chief executive Sir Andrew Witty in a statement.


Chemotherapy, Pharmaceutical Companies, Deception and Malpractice - 

As Reported by The Guardian: Tuesday 3 July 2012

The pharmaceutical group GlaxoSmithKline has been fined $3bn (£1.9bn) after admitting bribing doctors and encouraging the prescription of unsuitable antidepressants to children. Glaxo is also expected to admit failing to report safety problems with the diabetes drug Avandia in a district court in Boston on Thursday.

The company encouraged sales reps in the US to mis-sell three drugs to doctors and lavished hospitality and kickbacks on those who agreed to write extra prescriptions, including trips to resorts in Bermuda, Jamaica and California.
- See more at: http://healing-cancer-with-logic-and-reason.blogspot.co.uk/2013/05/chemotherapypharmaceutical-companies.html#sthash.iOeRhxn7.dpuf


What is the average woman worth to big pharma?????

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