Wyeth Paying $491M To End Criminal, Civil Rapamune Cases
By Megan Stride
Law360, Chicago (July 30, 2013, 5:44 PM ET) -- Wyeth Pharmaceuticals Inc. has agreed to shell out $491 million to end a criminal action as well as civil False Claims Act cases alleging it illegally marketed its immunosuppressive drug Rapamune for unapproved uses, the U.S. Department of Justice said Tuesday.
Wyeth, which was acquired by Pfizer Inc. in 2009, also pled guilty to a criminal information alleging it misbranded the prescription drug in violation of the Federal Food, Drug and Cosmetic Act. Under that plea deal, which a federal court in Oklahoma has accepted, Wyeth...