TEVA (Teva Pharmaceutical Industries Limited) has agreed to pay the State of Illinois and the U.S. Department of Justice $27.6 Million for violating the U.S. False Claims Act. Units of Teva Pharmaceutical violated the Act by eliciting Dr. Michael Reinstein, an Illinois physician, to prescribe Clozapine, an anti-schizophrenia drug, to patients in federal programs such [...]
According to the U.S. Departments of Justice and Health and Human Services, these departments recovered $4.3 billion in criminal and civil fines in the 2013 fiscal year, which ended in September 2013. This is a $100 million increase from the 2012 fiscal year. The five-year total in fines has now reached $19.2 billion. Pharma drugmakers [...]
Big Pharma: Is Paying Big Fines More Profitable than Telling Doctors and Consumers the Truth in Marketing?
This week, Johnson & Johnson etched its name in the history books of another big pharma company that has been fined over billions of dollars due to a drug manufacturer practices of improper marketing and failure to warn. Johnson & Johnson pled guilty to claims stemming from allegations that the giant pharmaceutical company knowingly marketed [...]