60 Minutes really dropped the ball this time: after airing PR-disguised-as-journalism about a poor, victimized corporation named Biovail Corp.-
Well, turns out they weren't poor, and they sure as hell aren't victims.
CJR has the goods:
Last week, Biovail, a Toronto drugmaker, disclosed that it has pleaded guilty—forget SEC civil charges—to federal criminal charges brought by the U.S. attorney in Boston. The company, as Fortune outlines, admitted that a Bridgewater, N.J., unit had paid doctors to prescribe the heart drug Cardizem. Biovail agreed to pay $24.6 million to settle the matter, including a $22 million criminal fine.Oops.
No comments:
Post a Comment