Ranbaxy Bows To Sweeping Penalties From US

Law360, New York (January 26, 2012, 1:21 PM EST) -- The U.S. government on Wednesday sought court approval of a consent decree that will hold generic drug maker Ranbaxy Laboratories Ltd. to unprecedented standards before it can again produce drugs for the U.S. market at four plants cited by the U.S. Food and Drug Administration for serious manufacturing violations.

The U.S. Department of Justice filed the consent decree for permanent injunction in Maryland federal court on behalf of the FDA about a month after Ranbaxy, India's largest pharmaceutical company, said it would set aside $500 million...
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