Wednesday, September 09, 2009

Remember Fen-Phen and all those dead people? The lawyers stole half.

March 8, 2006: Special Judge William Wehr rules that Cunningham, Gallion and Mills breached their duty to their clients when they paid themselves and others more than half of the $200million settlement and put an additional $20million into the fund. The ruling means they could be ordered to surrender some or all of their fees. The lawyers announce they will appeal.

When you earn 50 billion in profit every year and your 2.3 billion dollar fine is tax deductable...

In addition to Pfizer - which also pleaded guilty to criminal charges for off-label promotion of its anticonvulsant Neurontin (gabapentin) in 2004 - and Lilly, other drug companies found to have engaged in criminal activity in the past 10 years include Abbott, Schering-Plough, AstraZeneca, Purdue and Bayer, says Dr Wolfe. However, he adds: “the ever-escalating fines are unlikely to stop drug companies from continuing to bribe doctors because they represent just a fraction of drug company profits and no one has gone to jail.”

Until “corporate titans are forced to fork over a much larger proportion of their illegally-gotten profits and are put behind bars, nothing will change,” he concludes.

Your Dr can make 170,000 a year saying what big pharma tells him to.

The Carlat Psychiatry Blog: Schering-Plough to SAPHRIS Hired Guns: Come 'n Git It!
But the meat of the packet is called Exhibit A, (part of which is pasted above) which tells you how much you’ll be paid:

--$1,600 for a 45 minute power point presentation or informal “peer discussion group.”
--$1,000 for a 45 minute web-based live presentation (you get $600 less because you don’t have to leave the comfort of your office)
--Total maximum (called “contract total aggregate”) amount that you may receive over the course of the year is $170,000.