Pfizer Subsidiary Pleads Guilty to Kickback Violation and Is Sentenced to Pay Criminal Fine of $19.68 Million

"PHARMACIA AND UPJOHN COMPANY, INC., a subsidiary of Pfizer Inc., pleaded guilty today in federal court to one count of offering a kickback to a pharmacy benefit manager in the expectation of obtaining improved formulary status for PHARMACIA's drug products from the pharmacy benefit manager. The company was also sentenced at today's hearing."