Abbott To Pay $1.6 Billion Over Illegal Marketing

Abbott Laboratories said it reached an agreement with the federal government and most states to pay $1.6 billion in connection with its marketing of the anti-seizure drug Depakote.

Senh: Dang, the four whistle-blowers will get nearly $100M from that settlement. If you work for a huge corporation dabbling in illegal activities, blow the whistle on them - you can be a multi-millionaire if you're successful.

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  • Abbott Laboratories
    Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, United States.The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate known drugs; today, it sells medical devices, diagnostics, branded generic medicines and nutritional products. It split off its research-based pharmaceuticals ...
    12/3/2021 - 4:34 am | View Website
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  • Abbott Laboratories – Products, History, Lawsuits and Recalls
    Abbott wanted to focus on heart stents and other medical devices. AbbVie’s main concentration is biologic drugs. Abbott acquired St. Jude Medical and Alere Inc. in 2017. It paid more than $28 billion for both companies. Abbott wanted to expand its reach and boost its diagnostics presence in the U.S. and worldwide.
    12/3/2021 - 12:45 am | View Website
  • List of largest pharmaceutical settlements
    The following is a list of the 20 largest settlements reached between the United States Department of Justice and pharmaceutical companies from 1991 to 2012, ordered by the size of the total settlement. The settlement amount includes both the civil (False Claims Act) settlement and criminal fine.
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  • Big Pharma’s Big Fines
    Abbott. May 2012. Abbott was fined $1.5 billion in connection to the illegal promotion of the antipsychotic drug Depakote. Abbott admitted to having trained a special sales force to target nursing homes, marketing the drug for the control of aggression and agitation in elderly dementia patients.
    12/1/2021 - 9:16 am | View Website
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