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That is the modus operandi of US regulatory apparatus. Example: Glaxo Smith Klein !knowingly! killed ~150,000 Americans by pushing Avandia for a purpose that it
by unity1001 4y ago
That is the modus operandi of US regulatory apparatus. Example: Glaxo Smith Klein !knowingly! killed ~150,000 Americans by pushing Avandia for a purpose that it was not approved for. They knew that it would kill a lot of people before they launched it, and they started bribing and coercing medical professionals and institutions, including top names in the US to lie about it. They kept an information siege of lies up until whistleblowers protected by Qui Tam principle blow the cover, protected by the government.
The result?
GSK paid $4 bn in fines. They made $11 bn in profits from that drug. Net $7 bn even with the fine.
...
This is the way regulation works in the US. And this is why the Americans dislike it: Small businesses can never risk that. Big businesses dont need to care about that. Its designed to kill the small for the sake of the big.
The Eu used to be different. But judging from how this law is crafted, it might be changing.