Wednesday, August 30, 2006

Schering-Plough to Pay $435 Million, Plead Guilty to Settle Probe

Schering-Plough has agreed to pay $435 million and will plead guilty to conspiracy to settle a federal investigation into its drug sales and marketing practices and its clinical trial programs. The Kenilworth, N.J.-based company will pay $255 million to resolve civil aspects of the previously disclosed investigation. A subsidiary, Schering Sales, will pay a criminal fine of $180 million and plead guilty to one count of conspiracy under the agreement, which is subject to court approval.

No comments: