One of the world's largest generic drug manufacturers, Ranbaxy, pleaded guilty

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One of the world's largest generic drug manufacturers, Ranbaxy, pleaded guilty


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Old 05-16-2013, 22:42   #1
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Default One of the world's largest generic drug manufacturers, Ranbaxy, pleaded guilty

New Delhi News - Indian generic drug maker Ranbaxy to pay record $500mn fine

WASHINGTON / NEW DELHI - In the largest drug safety settlement with a generic drug manufacturer, Ranbaxy USA Inc., a subsidiary of Indian manufacturer Ranbaxy Laboratories Ltd, Monday pleaded guilty to felony charges related to the manufacture and distribution of certain adulterated drugs and agreed to pay $500 million as criminal fine and forfeiture under a settlement with the US Department of Justice.

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