Venable, Zuckerman, Simpson Guide Ranbaxy to $500 Million DOJ Settlement, FDA Consent Decree over Tainted Drugs
On Wednesday, Ranbaxy announced a $500 million settlement with the DOJ over claims that it marketed generic drugs that didn’t meet federal safety standards. The CEO and board members of Daiichi Sankyo of Japan, which has a controlling stake in Ranbaxy, immediately vowed to slash their salaries in response.
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