Posts Tagged 'antidepressant'

Historic settlement has no impact on GSK stock

Forbes reports that pharmaceutical giant GlaxoSmithKline’s stock prices haven’t dropped at all in the wake of a historic $3 billion settlement with the U.S. Justice Department over illegally marketing drugs.

“Paying the Department of Justice settlements are apparently just a cost of the drug business,” Forbes states.

According to Forbes, GlaxoSmithKline sold medication to treat depression in kids under 18, despite a lack of pediatric approval. It also promoted depression drug Wellbutrin ...

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Journal article calls for new definition of ‘antidepressant’

In a recent article in the scientific journal Scientifica, two mental health professionals call for a redefinition of the term “antidepressant.”

David Antonuccio, psychologist at the Department of Psychiatry and Behavioral Sciences, University of Nevada School of Medicine, and David Healy, psychiatrist at the Department of Psychological Medicine, Bangor University in the UK, argue that the term “antidepressant” simply doesn’t apply to medications that cause symptoms including sexual dysfunction and suicidal ...

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New safeguards needed for pharmaceutical companies

An opinion piece in The Atlantic about the $3 billion settlement against GlaxoSmithKline makes the point that even a relatively large financial penalty is unlikely to stop a company that still makes a profit from illegal activities. The solution, The Atlantic says, is to change a system that essentially allows companies to monitor themselves.

The British drugmaker’s agreement with the U.S. Justice Department to pay $3 billion in criminal and civil ...

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Celebrity doctor under fire over corporate payments

Dr. Drew Pinsky – well-known as TV and radio host “Dr. Drew” – is dealing with criticism after court records revealed that he took $275,000 from GlaxoSmithKline for “services for Wellbutrin.”

GlaxoSmithKline recently agreed to a $3 billion settlement — the largest ever involving a pharmaceutical company – over the federal government’s charges that the company illegally marketed some of its medications.

Prosecutors allege that the British pharmaceutical giant’s tactics included paying ...

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Critics doubt record settlement will be enough

The $3 billion fine recently leveled against GlaxoSmithKline is the largest settlement ever involving a pharmaceutical company. But in light of the enormous profits that the British pharmaceutical giant brings in, some critics wonder whether even that will be enough to dissuade companies from engaging in dangerous fraud.

GlaxoSmithKline pleaded guilty to marketing drugs for unapproved uses, according to a New York Times report. Among the charges is that the company ...

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Author describes long-term problems of antidepressants

In a piece for the Wall Street Journal, writer Katherine Sharpe argues that antidepressants are overprescribed in the United States, and discusses the challenges that face a growing segment of population – young people who have no conception of who they are when they aren’t on antidepressants.

She cites figures from the National Center for Health Statistics, which state that 5 percent of American 12- to 19-year-olds use antidepressants, and another ...

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