Company News: Novartis

Share this article:
Novartis and its vaccines/diagnostics division agreed to pay a $72.5-million settlement to resolve off-label marketing allegations involving cystic fibrosis drug TOBI. Novartis and predecessor Chiron Corp., according to a Justice Department statement, allegedly caused false claims to be submitted to the VA and other federal health programs between January 2001 and July 2006 by marketing the inhaled antibiotic for unapproved uses. To resolve their respective claims, the US is receiving $43.5 million and states $29 million. In connection with the qui tam suit, brought under the False Claims Act, three whistleblowers will share $7.825 million.
Share this article:
You must be a registered member of MMM to post a comment.
close

Next Article in Business Briefs


Reimagining healthcare? We want to hear about it.
 
Submit nominations here for MM&M's first-ever list of the Top 40 Healthcare Transformers

Email Newsletters

MM&M inVISION

More in Business Briefs

Novartis said to be stepping out of HCV

Novartis is said to have relinquished rights to an investigational hep. C treatment, signaling its exit from the therapeutic space, according to a former partner's announcement.

Monday Moves: September 15

Hires and promotions for manufacturers, regulatory and agencies

Kantar acquires Evidências, expands Brazilian presence

The company's acquisition signals the growing importance of understanding the Brazilian healthcare market and evidence-based healthcare management services.