Ranbaxy Laboratories, Ltd., is an India-based pharmaceutical company with a U.S. subsidiary, Ranbaxy USA Inc., headquartered in Parsippany, N.J.
Ranbaxy provided another example this week that drug companies the world over are sometimes willing to skirt rules and laws, while ignoring public and patient safety.
The Justice Department said Monday that it had reached the largest drug safety settlement to date with a generic drug manufacturer. Ranbaxy agreed to pay $500 million and plead guilty to criminal charges relating to the manufacture and distribution of certain drugs made at two of Ranbaxy’s facilities in India. The Justice Department statement is here.
The government was helped by a former Ranbaxy employee and whistleblower, Dinesh Thakur. He was born in India but worked in New Jersey for 10 years at Bristol-Myers Squibb before joining Ranbaxy. He will get a piece of the settlement.