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Pfizer pays record fine for illegal promotions

The Associated Press · Posted: Sep 02, 2009 ( https://www.cbc.ca/news/business/pfizer-pays-record-fine-for-illegal-promotions-1.789220 ) Pfizer Inc., the world’s largest drug maker, will pay a record $2.3-billion US civil and criminal penalty over unlawful prescription drug promotions. Announcing the settlement Wednesday, the Justice Department said that it included the largest criminal fine in U.S. history — $1.2 billion. The agreement also included a criminal forfeiture of $105 million. Drugmaker Pfizer Inc. has paid a record fine of $2.3 billion US in a court settlement. Authorities called Pfizer a repeat offender, noting it is the fourth such settlement of government charges in the last decade. They said the government would monitor the company’s conduct for the next five y...