Thursday, August 31, 2006
Schering-Plough pleads guilty in Criminal Conspiracy, agrees to pay $435 Million
Schering-Plough Corp. paid $435 million in fines and pleaded guilty to criminal conspiracy charges to settle Justice Department accusations that it lied to the government about drug prices and improperly marketed cancer drugs for uses not approved by the Food and Drug Administration.
The case marks the third multimillion-dollar government settlement in five years for the Kenilworth, N.J., pharmaceutical company, which has annual sales of about $10 billion. Counting this settlement, Schering-Plough has paid about $1.3 billion in civil and criminal fines since 2002. “In most cases of healthcare fraud, the conduct is driven by a bottom-line mentality,” said Michael J. Sullivan, the US attorney for Massachusetts, whose office conducted the investigation. Sullivan disclosed the settlement at a press conference in Boston earlier this week. Click the following link for the Boston Globe’s account of this false claims act resolution.
Posted by Quitam Help Admin on 08/31 at 06:49 AM
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