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Maker of Diabetes Drug Avandia Convicted of Fraud...

Glaxo Smith Kline, maker of diabetes drug Avandia, has just been convicted of fraud and fined $3 billion dollars. They have admitted that they did not accurately report safety data to the FDA. Does that sound like a lot of money to you? Well, GSK doesn’t seem worried about it at all. According to BBC News, they’ve issued a statement saying they’d pay the fines out of “existing cash resources.” What this tells me is that the profits from the sales of Avandia have been so enormous that the company calculated it was better off paying a three billion dollar fine than doing the right thing. All the more reason to take control of your Type 2 diabetes...

Maker of Diabetes Drug Avandia Convicted of Fraud
posted on: Jul 2, 2012 | author: DiabeticMama