Pfizer agrees to pay $2.3 billion for fraud settlement

Pharmaceutical giant Pfizer agrees to pay $2.3 billion for fraudulent marketing with the intent to defraud or mislead. This is the largest health care fraud settlement in the US Justice Department’s history. [1, 2, 3, 4]

In 2009 Pfizer’s total revenue was around $50 billion, with a declining trend from 2011 to 2020. [5]. Vaccine revenue in 2021 are responsible for 60% of Pfizer’s sales, with an expected $36 billion from vaccines alone!