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Colorado gets $1.1m in Pfizer settlement

Colorado will receive part of a $49.2 million judgment against Pfizer to resolve allegations that the drug company unlawfully promoted two of its medications. “The state will receive more than $1.125 million for future consumer protection efforts. “When it comes to something as important as people’s health, it is imperative that consumers receive accurate information,”… Continue Reading Colorado gets $1.1m in Pfizer settlement

Pfizer pays $60M to settle bribery charges

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Pfizer has agreed to pay the federal government $60s million to settle allegations that its employees bribed doctors and other foreign officials in Europe and Asia to win business and boost sales. The Securities and Exchange Commission says Pfizer’s subsidiaries overseas made illegal payments to health care officials in China, Italy, Russia, Croatia and other… Continue Reading Pfizer pays $60M to settle bribery charges

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Pfizer 3Q profit down 70 percent due to charges

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Pharmaceutical giant Pfizer Inc. said Tuesday that revenue in the third quarter jumped 39 percent due to its acquisition of fellow drugmaker Wyeth, but hefty charges related to that $68 billion purchase dragged its profit down 70 percent. The New York-based maker of cholesterol blockbuster Lipitor and impotence pill Viagra says net income was $866… Continue Reading Pfizer 3Q profit down 70 percent due to charges

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Federal regulators say the drugmaker Pfizer has failed to correct problems with its testing procedures that resulted in overdoses of several children during a company trial. The Food and Drug Administration issued a warning letter saying Pfizer did not properly monitor physicians testing an experimental medication, which the agency did not name. A Pfizer spokeswoman… Continue Reading FDA warns Pfizer for lax oversight of drug study

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Colorado will receive $3.5 million as part of two settlements with drug manufacturer Pfizer, including $2.8 million as part of a $1 billion Medicaid multistate settlement and $705,000 as part of a $33 million non-Medicaid multistate settlement. Continue Reading Colorado gets $3.5 million from drug settlement

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