Glaxo's $3bn fraud payout
Drugs firm GlaxoSmithKline will pay three billion dollars (£1.9bn) in fines after admitting to the largest healthcare fraud in US history.
Drugs firm GlaxoSmithKline will pay three billion dollars (£1.9bn) in fines after admitting to the largest healthcare fraud in US history.
Glaxo promoted the popular anti-depressants Paxil and Wellbutrin for unapproved uses.
Prosecutors said that between 1998 and 2003 Glaxo illegally promoted Paxil for treating depression in children, even though it was not approved for under 18s.
The company also promoted Wellbutrin from 1999 to 2003 for weight loss, sexual dysfunction, substance addictions and attention deficit hyperactivity disorder, although it was approved only for treatment of major depression.
And Glaxo will admit failing to report to the government for seven years on safety problems with the diabetes drug Avandia, which was restricted in the US and banned in Europe after it was found in 2007 to sharply increase the risks of heart attacks and congestive heart failure.
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.