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Saturday, November 5, 2011

GSK Breaks Record with $3 Billion Penalty for Illegal Drug Marketing

Early November 2011, Global Compact participant GlaxoSmithKline announced it would pay USD 3 billion to resolve federal government civil and criminal investigations into its sales practices for numerous drugs. The cases included allegations of illegal selling of Avandia, a diabetes drug linked to heart risks, as well as paying doctors and manipulating medical research to promote the drug.

GlaxoSmithKline is a Global Compact participant since 2007/08/10

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