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GSK To Pay $3 Billion to Settle Avandia Claims

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Washington, DCA $3 billion settlement has been reached between GlaxoSmithKline, the maker of the controversial diabetes medication Avandia, and federal authorities, ending investigations into whether or not the company marketed drugs for unapproved uses, among other charges.

According to media reports, the GSK settlement tops the $2.3 million paid by Pfizer in 2009 over the marketing several of its drugs including its painkiller Bextra. The GSK settlement is also larger than the $1.4 billion Eli Lily paid, also in 2009, over investigations into its sales of the anti-psychotic medicine Zyprexa.

More recently, in October 2011, Abbot Laboratories agreed to pay $1.3 billion to the federal government over charges that it had illegally marketed its epilepsy drug Depakote. News reports indicate this is the third largest settlement in cases brought against big pharma for off-label marketing and Medicaid fraud. The Abbott investigation was brought about by whistleblowers who claimed the company marketed Depakote for aggression in people with autism, sexual compulsion, dementia and other disorders. Depakote is currently indicated for use in treating migraines acute manic episodes in bipolar patients and stopping seizures in adults and children.

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READER COMMENTS

Posted by

on
My mother suffer serious complications from this drug three weeks ago she had triple bypass surgery and one of the symptoms she had was she retained fluid the took out from her back one & half liter fluid the reason she is still alive it was miracle .

Posted by

on
I was diagnosed as a diabetic in 2001 and given avandia and metformin to regulate my blood sugar. I was depressed and the drug raised my blood pressure. continued taking it until 2007 after several dr visits because of skin rashes and irregular heartbeats

Posted by

on
I went to the hospital not feeling well and they gave me high blood pressure medication and diabetic medication and kept me and said my blood pressure was up and my insulin level was up and gave me an insulin shot. I was transferred to a depression psychiatric hospital and the hospital gave me insulin and treated me for severe depression and kept me stabilized and told me I have diabetes type2 and they had kept giving me insulin shots until I was dischared three days later do I have been taking seroquel since

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