Glaxo Smith Kline (GSK) WATCH - PART 2
The recent GSK 480 million dollar bribery scandal in China is apparently just the last in a string of mega scandals. This was reported last summer:
"The US Justice Department said GSK was fined over misbranding its drugs Paxil and Wellbutrin, and for holding back data while making unbacked claims for its diabetes drug Avandia."
"GSK pleaded guilty and agreed to the fines in what the department called the largest health care fraud settlement in US history.
GSK, one of the world’s largest health care and pharmaceuticals companies, admitted to charges that it had promoted antidepressants Paxil and Wellbutrin for uses not approved for by US regulators, including treatment of children and adolescents."
As a result the US Authorities fined GSK no less than
3 BILLION DOLLARS. We'll say that again... 3 BILLION US DOLLARS