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GlaxoSmithKline fined $3 billion in 2012 for 3 drugs, but made $25 billion from these drugs
Thursday, July 28, 2016 7:30 am Email this article
“In 2012 GSK [GlaxoSmithKline] landed a $3 billion fine - the largest healthcare fraud settlement in US history - for illegally marketing several drugs including an anti-depressant, a diabetes drug and one for epilepsy.
“But in the period covered by the settlement, it posted profits of more than $25 billion in the sales of these drugs,” writes Dr. Aseem Malhotra, a London-based cardiologist, in a recent article in The Daily Mail.
Dr. Malhotra is one of six doctors warning about the influence of drug companies on the prescribing of drugs.
Dr. Malhotra launching the campaign
Dr. Malhotra, who is launching the campaign in a personal capacity, is a trustee of the King’s Fund health think tank, a member of the Academy of Medical Royal Colleges and advisor to the National Obesity Forum the article notes.
The six experts warning about too much medicine does more harm than good
These experts include: 1) Sir Richard Thompson, former-president of the Royal College of Physicians and personal doctor to England’s Queen for 21 years; 2) Dr. Aseem Malhotra, a London-based cardiologist; 3) Professor John Ashton, president of the Faculty of Public Health in Britain; 4) psychiatrist Dr. JS Bamrah, chairman of the British Association of Physicians of Indian Origin in Britain; 5) cardiologist Professor Rita Redberg, MD editor of medical journal JAMA Internal Medicine; 6) Professor James McCormack, a pharmaceutical scientist.
Hodgekiss A, and Spencer B. How Big Pharma greed is killing tens of thousands around the world: Patients are over-medicated and often given profitable drugs with ‘little proven benefits,’ leading doctors warn. The Daily Mail, 2016 Feb 23.
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