Painkiller maker guilty of deceit over marketing
The company that makes the painkiller OxyContin and three of its current and former executives pleaded guilty last week in federal court to criminal charges that it misled doctors and patients when it claimed the drug was less likely to be abused than traditional narcotics. The company agreed to pay $600 million in fines to resolve the criminal charge of “misbranding” the product. This settlement amount is one of the largest amounts ever paid by a drug company.
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