The AP reported that “Drugmaker KV Pharmaceutical Co. says it will shut down its Ethex generic division, plead guilty to criminal charges” that the company failed to immediately notify “regulators of safety hazards.” The embattled company will “pay $27.6 million to resolve government investigations,” according to the report.
The settlement requires Ethex to “plead guilty to two felony counts for failing to file ‘field alerts’ for two drugs, dextroamphetamine and propafenone,” the St. Louis Post-Dispatch reports. In addition, “KV was ordered to stop making some time-release cough, cold, and gastrointestinal drugs in 2008,” but despite that order, “the FDA said KV continued to make the drugs.”
This smacks as another instance in which a big company decided to mock the law and put profits over safety. There is no place for such greed in this country. I hope the criminal consequences send a message to all greedy executives that they better change the way they do business and start putting people over profits. Americans shouldn’t be seriously injured or killed just so executives can pad their pockets.
About the author:
Mr. Zambri is a Past-President of the Trial Lawyers Association of Metropolitan Washington, D.C. and has been rated by Washingtonian magazine as a “Big Gun” and among the “top 1%” of all lawyers in the Washington metropolitan area. The magazine also describes him as “one of Washington’s best–most honest and effective lawyers” who specializes in personal injury matters, including product liability, medical malpractice, and automobile accident claims. Mr. Zambri has also been named a “Super Lawyer” by Super Lawyer magazine (March/April 2009)–a national publication that honors the top lawyers in America.
Mr. Zambri was sought after to publish a chapter regarding product liability litigation in Aspatore Books – a company that is touted as “the largest and most exclusive publisher of C-1 Level executives (CEO, CFO, CTO, CMO, Partner) from the world’s most respected companies and law firms.” To read Mr. Zambri’s publication, entitled “Constantly Preparing To Win”, please click here.