Maker of Botox Settles Inquiry

Questionable use of unapproved medical product by a major corporation.  Ho hum no big deal just a fine and no jail time.

Possession of more than an ounce of pot by a poor person.   Really big deal and up to ten years behind bars in the newest fast growing business in America, a private for profit prison.

It is time for CEOs and other executives to do some serious hard time and have fines that take away all their private wealth.  A time when corporations that are found guilty of serious crimes are sentenced to death by dis-incorporation and sale or nationalization of all assets.

From the New York Times: http://www.nytimes.com/2010/09/02/business/02allergan.html?_r=1&hp

By NATASHA SINGER

Allergan, the maker of Botox, agreed on Wednesday to pay $600 million to settle charges that it illegally promoted and sold the drug through 2005 for unapproved uses like treating headaches.

That settlement, the latest in a continuing Justice Department crackdown on off-label drug promotion by pharmaceutical companies, comes with an unusual postscript. In recent months, the Food and Drug Administration has been seriously weighing approval of Botox for treatment of chronic migraines, a remedy that has been cited as beneficial in new studies and which was ratified last month in Britain.

The charges of illegal marketing cover the first half of this decade, before the F.D.A.’s review.

The settlement also represents the latest in a series of prominent deals by drug makers to resolve criminal and civil allegations, and it closely follows news that the federal government has expanded an investigation into the overseas practices of several big pharmaceutical companies involving suspected bribery of foreign officials.

Continue reading at: http://www.nytimes.com/2010/09/02/business/02allergan.html?_r=1&hp

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