Pharmaceutical Gone Wild; Ranbaxy Exposed

You have probably never heard of Ranbaxy Pharmaceuticals. But I bet you are familiar with the drug Lipitor. Ranbaxy makes Lipitor, and is the world’s sixth largest producer of generic drugs. They serve customers in 150 countries and have manufacturing plants around the world.

Ranbaxy was recently fined $500 million dollars, and charged with seven counts of the following:

  • Selling adulterated drugs with intent to defraud
  • Failure to report its drug did not meet specifications
  • Making intentionally false statements to the government

The Department of Justice wrapped up a nearly 10 year case about their illegal, fraudulent and corrupt business practices.

Categorized as India