A former head of a pharmacy benefits manager pleaded guilty in federal court in Texas on Monday to paying kickbacks in order to win business from government health plans. Between 2001 and 2013, Douglas Pick, who was once chief executive at Pharmaceutical Technologies, orchestrated nearly $3.6 million in combined payments to the head of a health plan, as well as several … [Read more...]
The latest news on Big Pharma actions and accountability.
© Joe Amon/The Denver Post via Getty Images Fentanyl … [Read more...]
This has been a blockbuster year for federal regulators investigating bribery in the pharmaceutical industry. Three of the world’s biggest drug companies, along with two smaller companies, agreed to pay a collective $63 million this year to settle allegations that they violated the US Foreign Corrupt Practices Act by bribing doctors and government officials to promote their … [Read more...]
John N. Kapoor, co-founder of Insys Therapeutics Inc. Before they were arrested last year, Alabama doctors John Couch and Xiulu Ruan were prized customers of Insys Therapeutics Inc., maker of a powerful and highly addictive type of synthetic opioid known as fentanyl. Drs. Couch and Ruan prescribed a combined $4.9 million of the painkiller, called Subsys, to Medicare … [Read more...]
In 2007, Purdue Pharma, then called Purdue Frederick, pleaded guilty to "charges it misled doctors and patients about the addiction risks of the powerful narcotic painkiller OxyContin," ABC News reported at the time. The New York Times in 2007 detailed how, in 2002, Purdue hired "Mr. Giuliani and his consulting firm, Giuliani Partners, to help stem the controversy about … [Read more...]