The Department of Justice is investigating what it calls as widespread fraud by drug compounding companies regarding fraudulent claims to the health insurance program which covers 9.5 million U.S. military members and their families. At issue are expensive pharmaceutical creams and gels which are made to treat pain and scars. Two companies under investigation...
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Category: Pharmaceutical
Lilly, Merck get inquiries from Department of Justice over drug pricing
Drug manufacturers Eli Lilly and Merck & Co. have received requests from the U.S. Department of Justice for information concerning drug pricing, according to the Wall Street Journal. The United States Attorney's Office in Philadelphia are conducting an inquiry of Eli Lilly's treatment of certain distribution service agreements with wholesalers when calculating and reporting...
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Alexion Pharmaceuticals under Department of Justice investigation
The U.S. Justice Department has joined a Foreign Corrupt Practices Act investigation of Alexion Pharmaceuticals Inc. the company said in a securities filing. Alexion received a subpoena from the Securities and Exchange Commission in May and a request of voluntary production of documents from the Justice Department this month.
The previously disclosed SEC inquiry is...
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Novartis pays $390 million to settle whistleblower suit
Novartis AG agreed to pay $390 million to settle a lawsuit in which the U.S. government claimed the Swiss company paid kickbacks to pharmacies to boost sales of some of its prescription drugs.
The whistleblower suit was filed in 2012 by former Novartis employee David Kester who says Novartis engaged in illegal referral agreement with...
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Valeant Pharma compared to Enron with phantom pharmacies
Valeant Pharmaceuticals has been compared to Enron and accused of creating a network of phantom pharmacies to fool auditors. These allegations come from Citron Research which issued a report which says that that it appears that Valeant and the specialty pharmacy Philidor have created the network, and that Philidor appears to...
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Boston Scientific Pelvic Mesh verdict cut from $100m to $10m
A judge reduce damages from $100 mill. to $10 mill.for a woman who suffered severe vaginal damage from the medical device in a case against Boston Scientific.
In May, a jury found that Deborah Barba was entitled to $25 million in compensatory damages for complications with Boston Scientific vaginal mesh, and an additional $75 million...
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Pfizer unlikely to dump DOJ suit alleging $2 billion plus overcharges to Medicaid
In a lawsuit pending in the Federal Courthouse In Boston against Pfizer Inc. in which the Department of Justice says the company owes the Government more than $2 billion, the Judge said he has an "inclination" to deny the company's four-year-old request to throw out the lawsuit.
The Justice Department lawsuit specifically alleges that the...
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Antibiotics Levaquin, Cipro and Avelox hit with wave of lawsuits for peripheral neuropathy
A wave of lawsuits involving the antibiotics Levaquin, Cipro and Avelox are bring filed by people throughout the U.S. who have been diagnosed with peripheral neuropathy after using one of the popular antibiotics
There are currently at least 59 peripheral neuropathy suits filed against makers of the antibiotics, which is more than double the number...
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Uncle Sam says Novartis should pay $3.35 BILLION for kickback schemes
The United States Department of Justice says that Novartis should pay $3.35 BILLION in damages for using kickbacks to boost sales of two of its drugs which resulted in Medicare and Medicaid to overpay for those medications, Myfortic for kidney transplants and Exjade to reduce excess iron in patients who have blood transfusions.
The Government...
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China websites ignore U.S. laws flooding our market with deadly drugs
China websites are selling scores of different illicit drugs to Americans, in direct evasion of U.S. laws including alpha PVP, or "flakka" as it is known. This stimulant is illegal in the U.S. but not in China and resulted in 18 deaths in Florida recently. This open drug sales via the internet appears to...
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