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<div style="direction: ltr;font-family: Tahoma;color: #000000;font-size: 10pt;">Amgen agrees to pay $71 million dollars to 48 states and the District of Columbia to settle deceptive drug promotion claims. They admit no wrong doing. Note: Sales of the two
drugs, during the time that were deceptively promoted (according to prosecutors), amounted to $6.6 billion. Even assuming a low profit margin, this fine amounts to a minor cost of business expense to Amgen. "Amgen shares fell $2.07, or 1.2%, to $167.72.
The stock is up about 7% this year." The settlement decision also requires Amgen to be good from now on (my summary).
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<a href="http://www.latimes.com/business/la-fi-amgen-settlement-20150818-story.html" target="_blank">http://www.latimes.com/business/la-fi-amgen-settlement-20150818-story.html</a><br>
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The good news is that Indiana announced that some of their $1.3 million dollar share of the settlement will be used for take back programs!<br>
<a href="http://www.21alive.com/news/local/Indiana-to-receive-13-million-in-global-pharmaceutical-settlement---322200051.html" target="_blank">http://www.21alive.com/news/local/Indiana-to-receive-13-million-in-global-pharmaceutical-settlement---322200051.html</a><br>
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Maybe other states will as well.<br>
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<div style="font-family:Tahoma; font-size:13px"><font><span style="font-size:" lang="en-US">
<div>Ed Gottlieb<br>
Chair, Coalition for Safe Medication Disposal<br>
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<div>Industrial Pretreatment Coordinator</div>
<div>Ithaca Area Wastewater Treatment Facility<br>
525 3<font face="Times New Roman" size="3"><sup>rd</sup></font> Street</div>
<div>Ithaca, NY 14850</div>
<div>(607) 273-8381</div>
<div>fax: (607) 273-8433</div>
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