Pharmaceutical giant Johnson & Johnson will pay $2.2 billion to the U.S. government to end civil and criminal investigations into kickbacks to pharmacists and the marketing of pharmaceuticals for off-label uses, a person familiar with the settlement said on Monday.
The settlement with the company and its subsidiaries covers the marketing of schizophrenia treatment Risperdal and of heart drug Natrecor, said the source, who spoke on condition of anonymity.
Risperdal is sold by J&J unit Janssen Pharmaceuticals Inc, which is expected to plead guilty to misdemeanor allegations of mis-branding, the source said.
J&J, the maker of Band-Aids, disclosed in a securities filing in 2011 it had reached an agreement to resolve criminal penalties related to the promotion of Risperdal, a one-time big-selling product for the company, but that certain issues remained open.
Attorney General Eric Holder was scheduled to speak about the settlement at a news conference at the U.S. Justice Department later.
A Family Company: Fucking Families....and Taxpayers
From at least 1999 through 2005, J&J and Janssen promoted Risperdal for such unapproved uses
as controlling aggression in elderly dementia patients and treating behavioral disturbances in children, according to the complaint.The off-label marketing caused U.S. government insurance programs to pay hundreds of millions of dollars for uncovered claims, the complaint said.
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Re-read that last item there, Conks. In case you can't, I highlighted it in red.
You bitch about government waste and over-regulation, yet, here are your fucking buddies defrauding the government and causing them to waste money.
And, also, you shit on Eric Holder constantly.... Seems like the fucker's earning his salary defending us from you predatory cocksuckers.
Capitalism - our friend, indeed.
P.S. Good morning, guys.
