You are here:  Home  >  Latest news  >  Current Article

Amgen to pay $150M for misbranding Aranesp

By   /   Tuesday, December 18th, 2012  /   Comments Off

    Print       Email

[Editor's note: This story has been updated with comments from Amgen.]

Biotech giant Amgen pleaded guilty Dec. 18 to a misdemeanor charge for misbranding its anemia drug Aranesp.

According to a report from Bloomberg News, the Thousand Oaks-based firm agreed to pay $150 million in fines and penalties as part of the guilty plea. U.S. District Judge Sterling Johnson, who sits in the eastern district of New York, said he will decide Dec. 19 whether to accept the deal.

The guilty plea stems from Amgen offering Aranesp for uses not approved by the U.S. Food and Drug Administration, Bloomberg reported. Assistant U.S. Attorney Roger Burlingame said at the hearing that the biotech firm engaged in improper sales of the anemia drug, and a few others, to gain market share.

“The plea and sentence remain subject to judicial review and approval. If the court accepts the plea and enters an agreed sentence, Amgen expects immediately thereafter to complete the comprehensive resolution of related civil and criminal matters for which a $780 million charge was recorded in the third quarter of 2011 and to enter into a corporate integrity agreement,” Amgen said in a statement.

    Print       Email
  • Sign up for email news

    Get the Business Times in your inbox. Sign up for breaking news alerts, our weekly briefing, and more.
    Sign up
  • The Latest Lists

    The Latest Lists

    Purchase the digital version of the 2014 Book of Lists or download Excel versions of our weekly Top 25 lists. [Click here]

  • 2013 Giving Guide

    2013 Giving Guide

    Read our free guide to nonprofits and philanthropy in the Tri-Counties

You might also like...

Frederic and Dana Blaudeau, managers of  The Culture Counter in their soon-to-open space in the Santa Barbara Public Market. Their shop sells cheese, charcuterie and other artisan foods from around the world. (Nik Blaskovich / Business Times photo)

Artisan food vendors flock to Santa Barbara Public Market

Read More →