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Pfizer Inc.: Difference between revisions

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| footnotes = <ref name=10K>{{Citation|title-url=https://s28.q4cdn.com/781576035/files/doc_financials/2021/ar/PFE-2021-Form-10K-FINAL.pdf |title=Pfizer Inc. 2021 Form 10-K Annual Report |publisher=Pfizer Inc.}}</ref>
| footnotes = <ref name=10K>{{Citation|title-url=https://s28.q4cdn.com/781576035/files/doc_financials/2021/ar/PFE-2021-Form-10K-FINAL.pdf |title=Pfizer Inc. 2021 Form 10-K Annual Report |publisher=Pfizer Inc.}}</ref>
}}
}}
'''Pfizer Inc.''' is a global pharmaceutical corporation.
'''Pfizer Inc.''' is a global pharmaceutical corporation.


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===Fraudulent Marketing===
===Fraudulent Marketing===


On September 2, 2009, Pfizer was sued for $2.3 billion by the [[United States of America|U.S]] government for fraudulent marketing of multiple products.<ref name='DoJ Healthcare Fraud Entry'>{{Citation|title=Justice Department Announces Largest Health Care Fraud Settlement in Its History|title-url=https://www.justice.gov/opa/pr/justice-department-announces-largest-health-care-fraud-settlement-its-history|author=Office of Public Affairs - Department of Justice
On September 2, 2009, Pfizer was sued for $2.3 billion by the [[United States of America|U.S]] government for fraudulent marketing of multiple products.<ref name='DoJ Healthcare Fraud Entry'>{{Citation|title=Justice Department Announces Largest Health Care Fraud Settlement in Its History|title-url=https://www.justice.gov/opa/pr/justice-department-announces-largest-health-care-fraud-settlement-its-history|author=Office of Public Affairs - Department of Justice}}</ref>
}}</ref>


Pfizer bribed the U.S government for $1 billion to resolve allegations under the False Claims Act of illegal promotion of the drugs: Bextra, Geodon, Zyvox, and Lyrica; and illegal bribery of hospital to promote these drugs.<ref name='DoJ Healthcare Fraud Entry' />
Pfizer bribed the U.S government for $1 billion to resolve allegations under the False Claims Act of illegal promotion of the drugs: Bextra, Geodon, Zyvox, and Lyrica; and illegal bribery of hospitals to promote these drugs.<ref name='DoJ Healthcare Fraud Entry' />
 
===Nonconsensual Human Experimentation===
 
In the Abdullahi v. Pfizer, Inc lawsuit; Pfizer was found to have conducted unconsensual testing, with trovafloxacin, on 200 [[Nigeria|nigerian]] children. The lead investigator, Abdulhamid Isa Dutse, later provided a letter of approval for human trials that was found to be falsified.<ref>{{Citation|author=J. Wise|title=Pfizer accused of testing new drug without ethical approval|journal=BMJ (Clinical Research Ed.)|volume=322|issue=7280|pages=194|year=2001|pmid=11159610|pmc=1119465|doi=10.1136/bmj.322.7280.194}}</ref>
 
In 2007, the government of Nigeria sued Pfizer for $6.95 billion as a result of this case.<ref>{{Web citation|url=https://www.business-humanrights.org/en/latest-news/nigerian-state-sues-pfizer-over-deformity-drug/|title=Nigerian state sues Pfizer over 'deformity' drug|date=2007-05-20|newspaper=Agence France Presse}}</ref>


==References==
==References==
<references />
<references />
[[Category:Drug companies]]

Latest revision as of 16:06, 17 September 2022

Pfizer Inc.
Industry
  • Pharmacy
  • Biotechnology
Key peopleAlbert Bourla (CEO)
Revenue+ $81.29 billion[1]
Net income+ $21.98 billion[1]
Website
pfizer.com

[1]

Pfizer Inc. is a global pharmaceutical corporation.

Violations[edit | edit source]

Fraudulent Marketing[edit | edit source]

On September 2, 2009, Pfizer was sued for $2.3 billion by the U.S government for fraudulent marketing of multiple products.[2]

Pfizer bribed the U.S government for $1 billion to resolve allegations under the False Claims Act of illegal promotion of the drugs: Bextra, Geodon, Zyvox, and Lyrica; and illegal bribery of hospitals to promote these drugs.[2]

Nonconsensual Human Experimentation[edit | edit source]

In the Abdullahi v. Pfizer, Inc lawsuit; Pfizer was found to have conducted unconsensual testing, with trovafloxacin, on 200 nigerian children. The lead investigator, Abdulhamid Isa Dutse, later provided a letter of approval for human trials that was found to be falsified.[3]

In 2007, the government of Nigeria sued Pfizer for $6.95 billion as a result of this case.[4]

References[edit | edit source]

  1. 1.0 1.1 1.2 Pfizer Inc. 2021 Form 10-K Annual Report. Pfizer Inc..
  2. 2.0 2.1 Office of Public Affairs - Department of Justice. Justice Department Announces Largest Health Care Fraud Settlement in Its History.
  3. J. Wise (2001). Pfizer accused of testing new drug without ethical approval. BMJ (Clinical Research Ed.), vol.322 (p. 194). doi: 10.1136/bmj.322.7280.194 [HUB]
  4. "Nigerian state sues Pfizer over 'deformity' drug" (2007-05-20). Agence France Presse.