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Tuesday, May 8, 2012

Connecticut's settlement with drug maker will inject nearly $6 million into state coffers

Connecticut will receive close to $6 million from federal and state settlements with Illinois-based Abbott Laboratories over allegations the company promoted sales and use of the prescription drug Depakote for uses not approved by the FDA.


Abbott Labs To Pay $1.5B Over Anti-Seizure Drug

Abbott Laboratories has pleaded guilty and agreed to pay $1.5 billion over allegations that it promoted the anti-seizure drug Depakote for uses that were not approved by the Food and Drug Administration.

The case includes a criminal fine and forfeiture of $700 million and civil settlements with the federal government and states totaling $800 million. Deputy Attorney General James Cole said Monday the settlement reflects the determination by government "to hold accountable those who commit fraud."

At a news conference at the Justice Department, U.S. Attorney Timothy Heaphy said that the top levels of Abbott carried out a strategy of systematically marketing the drug for purposes other than what federal regulators had allowed.


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The Best Country for Raising Kids? Report Says It's Not the United States

The United States may be a wealthy, privileged, industrialized nation, but when it comes to being an ideal place to raise a family, it ranks well below several European countries. Take into account nonexistent parental leave policies, low preschool enrollment rates, and high teen-pregnancy rates and its rank falls even further, according to Save the Children, an independent organization dedicated to helping children around the world.

 "A woman in the U.S. is more than seven times as likely to die of a pregnancy-related cause in her lifetime than a woman in Italy or Ireland," Miles adds. "When it comes to the number of children enrolled in preschools or the political status of women, the United States also places in the bottom 10 countries of the developed world."

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