The AP reported that “Drugmaker KV Pharmaceutical Co. says it will shut down its Ethex generic division, plead guilty to criminal charges” that the company failed to immediately notify “regulators of safety hazards.” The embattled company will “pay $27.6 million to resolve government investigations,” according to the report.
The settlement requires Ethex to “plead guilty to two felony counts for failing to file ‘field alerts’ for two drugs, dextroamphetamine and propafenone,” the St. Louis Post-Dispatch reports. In addition, “KV was ordered to stop making some time-release cough, cold, and gastrointestinal drugs in 2008,” but despite that order, “the FDA said KV continued to make the drugs.”
This smacks as another instance in which a big company decided to mock the law and put profits over safety. There is no place for such greed in this country. I hope the criminal consequences send a message to all greedy executives that they better change the way they do business and start putting people over profits. Americans shouldn’t be seriously injured or killed just so executives can pad their pockets.
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