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 State and federal government officials have reached an agreement with Pfizer, Inc. to settle civil and criminal allegations that Pfizer and its subsidiary companies paid kickbacks and improperly promoted numerous drugs that Pfizer manufactures by engaging in off-labeling marketing campaigns.
This $2.3 billion aggregate settlement is the largest in history in a health care fraud matter.
A total of $1 billion in civil damages and penalties compensating Medicaid, Medicare, and various federal healthcare programs will be paid by Pfizer to the states and the federal government.
In addition, Pharmacia & Upjohn Company, Inc., a Pfizer subsidiary, will plead guilty to a felony violation of the Food, Drug, and Cosmetic Act (FDCA) and pay a criminal fine and forfeiture of $1.3 billion.
Click here to read the full FBI Press Release.
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