From The International Tribune:The company that makes the painkiller OxyContin, Purdue Pharma, has agreed to pay $600 million in fines and other payments to resolve the criminal charge of "misbranding" its product, one of the largest amounts ever paid by a drug company in such a case.
The company and three of its current and former executives pleaded guilty in federal court here Thursday to criminal charges that the firm had misled doctors and patients when it claimed that the drug was less likely to be abused than traditional narcotics.
The three executives, including the company's president and its top lawyer, also pleaded guilty to misdemeanor charges of misbranding the drug. Together, they agreed to pay $34.5 million in fines.
We say: Yeah, but when they made billions on this product, these millions of dollars of fines are simply the cost of doing business, and a slap on the wrist.
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