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A U.S. court on Friday imposed $1.3 billion in criminal penalties on Pfizer
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CNBC.com |
Pfizer [PFE
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] agreed to a record $2.3 billion settlement with the Justice Department last month, of which $1.3 billion was related to Bextra and $1 billion was to settle civil allegations on how Pfizer marketed it and other drugs.
U.S. District Judge Douglas Woodlock in Boston imposed the criminal penalty at a court proceeding on Friday, the Justice Department said.
The settlement required court approval.
The world's biggest drugmaker was slapped with the huge fines by the U.S. government after being deemed a repeat offender in pitching drugs to patients and doctors for unapproved uses.
Pfizer in January said it took a $2.3 billion charge late last year to resolve allegations involving Bextra and other drugs, but did not provide details at the time. Pfizer acquired Bextra in its 2003 purchase of Pharmacia.
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