Serono to pay $704 million in settlement


Swiss pharma company Serono has agreed to pay a $704 million penalty to settle criminal and civil charges of illegally promoting its AIDS drug. From an article in yesterday's Boston Globe:

    The company also agreed to plead guilty to offering doctors all-expense-paid trips to a medical conference in Cannes, France, in return for writing prescriptions of Serostim, an arrangement that US Attorney General Alberto R. Gonzales blasted as ''The 'Cannes Kickback' campaign."

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