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Author Topic: $24-Million Settlement In Lawsuit Against AIDS Drug Maker  (Read 1959 times)

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Offline Tucsonwoody

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  • Posts: 396
$24-Million Settlement In Lawsuit Against AIDS Drug Maker
« on: February 24, 2007, 10:51:30 PM »
Who woulda thunk a drug company could be so bad  :o

http://www.365gay.com/Newscon07/02/022307hiv.htm

February 24, 2007 - 12:01 am ET

(Boston, Massachusetts) An organization that fights for fair drug prices says it has reached a settlement in a nationwide class-action lawsuit against EMD Serono and Merck Serono International.

The $24-million settlement resolves claims that Serono wrongfully encouraged doctors to prescribe the AIDS drug Serostim to patients for whom it was unnecessary. Serostim is a recombinant human growth hormone manufactured by Serono to treat AIDS wasting, a condition involving profound involuntary weight loss in AIDS patients. 

The settlement follows a settlement reached in October 2005 by the U.S. Department of Justice where Serono agreed to pay $704 million in fines and pled guilty to criminal charges for the unlawful promotion of Serostim. In addition to the monetary settlement with the DOJ, Serono also agreed to a “Corporate Integrity Agreement” that requires internal audits and government monitoring.  The U.S. Attorney in charge of the case asserted that “nearly 85% of prescriptions written for Serostim were not medically necessary.” 
And I wished for guidance, and I wished for peace
I could see the lightning; somewhere in the east
And I wished for affection, and I wished for calm
As I lay there - Nervous in the light of dawn

 


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