Friday, May 11, 2007

Court fines OxyContin maker $634M US

From CBC News:
The maker of the narcotic painkiller OxyContin and three executives pleaded guilty Thursday to making false claims about the drug's risk of addiction, a U.S. federal prosecutor and the company said.

Purdue Pharma L.P pleaded guilty in a Virginia court to felony misbranding of OxyContin with the intent to defraud. The company's president, chief lawyer and former chief medical officer also pleaded guilty to charges of misbranding – a crime of mislabelling, fraudulently promoting or marketing a drug for an unapproved use.

"With its OxyContin, Purdue unleashed a highly abusable, addictive and potentially dangerous drug on an unsuspecting and unknowing public," U.S. Attorney John Brownlee said in a release. ...more

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