$122 million settlement in US DOJ kickback probe
Three pharmaceutical companies have agreed to pay $122 million to settle US Department of Justice (DoJ) allegations that kickbacks were paid to promote uptake of their products.
The firms involved are Ireland-headquartered Jazz Pharmaceuticals (Nasdaq: JAZZ), Danish CNS specialist Lundbeck (LUND: CO) and Alexion Pharmaceuticals (Nasdaq: ALXN), a USA-based biotech focused on rare diseases.
The DoJ investigation says the firms violated the False Claims Act by illegally paying the Medicare or Civilian Health and Medical Program copays for their own products.
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