French doctor and businessman Jacques Servier passed away on Wednesday. His Servier Laboratories is at the centre of an ongoing trial in which the company is accused of misrepresenting a diabetes drug that may have caused up to 2,000 deaths.
The 92-year-old founder of the controversial French pharmaceutical giant, Servier Laboratories, died at his home in Neuilly, a western suburb of Paris, on April 16th.
His company announced the news of his death but did not give the cause, although a source close to Servier said he died of old age.
Jacques Servier founded the company, which carries his name, 60 years ago. The French doctor knew both success and controversy. His personal fortune was reportedly worth an estimated at 5.6 billion euros but his company was marred in scandal.
Servier Laboratories, France’s second-biggest pharmaceutical company, was at the centre of the Mediator diabetes drug scandal.
The drug is said to have caused between 500 to 2,000 deaths. It was pulled from the market in 2009. The French drugmaker and its founder subsequently went on trial, accused of misleading patients and authorities about the drug. The trial is ongoing.
Servier, was awarded France’s national merit medal, the Legion d’Honneur, by former French President Nicolas Sarkozy - who was once his lawyer - less than a year before Mediator was pulled.
Date created : 2014-04-17