SmithKline Announces $325 Million Settlement

Charges include billing practices through 1996 as well as violation of physician kickback statutes

CEO SUMMARY: Prosecutors continue to investigate. Criminal charges could be forthcoming against the company and individuals. Allegations against SmithKline expand the scope of laboratory practices that government regulators consider to be violations of existing statutes.

Despite the fact that Smithkline Beecham’s settlement was expected, details of the case generated surprise among lab industry executives.

At $325 million,

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