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June 6, 2019 07:25 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/ZwIk7G5B3AA/drug-company-to-pay-just-154-million-over-doctor-bribery-scandal-involving-medicine-that-b
Drug Company To Pay Just $15.4 Million Over Doctor Bribery Scandal Involving Medicine That Brings in $1 Billion a Year
Mallinckrodt Pharmaceuticals announced this week that the company expects to pay $15.4 million in a settlement with the U.S. Justice Department after allegations that Questcor Pharmaceuticals, which Mallinckrodt acquired in 2014, had bribed doctors and their staff to prescribe an incredibly expensive drug. From a report: Two whistleblowers came forward in April to accuse Questcor of trying to boost profits for Acthar, a medication primarily for infants with seizures. Questcor raised the price of the medication by almost 100,000 percent (not a typo) from just $40 in 2000 to $38,892 today, despite the fact that Acthar has been on the market since 1952. Mallinckrodt currently rakes in about $1 billion per year from Acthar, according to CNN.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/ZwIk7G5B3AA/drug-company-to-pay-just-154-million-over-doctor-bribery-scandal-involving-medicine-that-b
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