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MediciNova: CEO Faces Undisclosed Illegal Kickback Lawsuit, Failed...

2016-03-03 19:23:53| Biotech - Topix.net

Perplexing illegal kickback lawsuit creates the possibility of government funding loss and cash clawback at MNOV; stock could go to zero. MNOV's pipeline of old drugs is unviable and destined to fail; compounds passed on by credible pharma companies, stuck in trials since 2005.

Tags: failed ceo faces illegal

Arrest of Pharma Executive on Federal Kickback Charges Sends Strong...

2015-11-11 17:18:57| Biotech - Topix.net

Federal agents recently arrested the former president of an Allergan PLC division on charges of conspiring to pay kickbacks to physicians to induce them to prescribe the company's drugs. On October 28, 2015, a grand jury in Massachusetts indicted Carl Reichel, who served as president of Warner Chilcott's pharmaceutical division between 2009 and 2011, on one count of violating the federal anti-kickback statute.

Tags: strong executive federal charges

Justice Department Charges Pharma President with Kickback Conspiracy

2015-11-04 21:40:02| Biotech - Topix.net

In the public relations battle following the issuance of the Yates Memo, the Justice Department can now cite one example for the new policy the recent arrest and charging of Carl Reichel, former President of Warner Chilcott. The Justice Department's new policy got off to a rocky start: in the same week that the Yates memorandum was adopted, the government announced the GM settlement in which no individuals were charged.

Tags: department president charges justice

Feds: Derby nurse prescribed potent painkillers in kickback scheme

2015-06-25 02:09:22| Biotech - Topix.net

Federal charges against Derby nurse Heather Alfonso center on a powerful and addictive painkiller called Subsys, which has been heavily marketed by the Arizona-based manufacturer Insys Therapeutics, federal officials confirmed Wednesday. Alfonso, 42, of Middlebury, pleaded guilty Tuesday in U.S. District Court in Hartford to receiving $83,000 in kickbacks from January 2013 until March 2015 from a pharmaceutical company that makes a drug used to treat cancer pain.

Tags: scheme nurse prescribed derby