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Home › Drug manufacturer agrees to $500 million penalty

 

Drug manufacturer agrees to $500 million penalty

2013-05-14 06:31:11| Biotech - Topix.net

A subsidiary of India's largest pharmaceutical company has agreed to pay a record $500 million in fines and penalties for selling adulterated drugs and lying to federal regulators in a case that is part of an ongoing crackdown on the quality of generic drugs flowing into the U.S. Federal prosecutors say the guilty plea by Ranbaxy USA Inc.

Tags: million drug manufacturer penalty

Category:Biotechnology and Pharmaceuticals

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