Serono fined!
Posted: Wed Oct 19, 2005 4:15 pm
Serono, the makers of Rebif, have just run into a little bit of trouble with the law in this country. I certainly hope they didn't apply this practice towards Rebif as well!
Harry
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Drugmaker to pay $704M for fraud
WASHINGTON -- The Swiss manufacturer of the AIDS treatment drug Serostim agreed Monday to pay $704 million and plead guilty to scheming to boost sagging sales by, among other things, offering kickbacks to doctors to write prescriptions. As part of the plea, Serono Laboratories will be barred from participating in federal health programs for five years and will pay a criminal fine of $136.9 million and civil penalties of $567 million. The amount is the third largest payment for health care fraud, Attorney General Alberto Gonzales said in announcing the plea agreement.
Harry
_________________
Drugmaker to pay $704M for fraud
WASHINGTON -- The Swiss manufacturer of the AIDS treatment drug Serostim agreed Monday to pay $704 million and plead guilty to scheming to boost sagging sales by, among other things, offering kickbacks to doctors to write prescriptions. As part of the plea, Serono Laboratories will be barred from participating in federal health programs for five years and will pay a criminal fine of $136.9 million and civil penalties of $567 million. The amount is the third largest payment for health care fraud, Attorney General Alberto Gonzales said in announcing the plea agreement.