Pfizer to pay $59.7 million over kickbacks for | Stock News

Pfizer to pay $59.7 million over kickbacks for Pfizer to pay $59.7 million over kickbacks for

Pfizer to pay $59.7 million over kickbacks for | Inventory Information



By Jonathan Stempel

NEW YORK (Reuters) – Pfizer (NYSE:) can pay $59.7 million to resolve prices that a company it acquired defrauded Medicare and different healthcare applications by paying kickbacks so docs would prescribe the migraine drug Nurtec ODT, the U.S. Division of Justice stated on Friday.

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The Justice Division stated that from March 1, 2020, to Sept. 30, 2022, Biohaven Prescription drugs violated the federal False Claims Act by offering speaker honoraria and meals at high-end eating places to docs, to induce them to prescribe Nurtec more usually.

In keeping with the federal government, some speaker applications had been attended a number of occasions by the identical docs, leading to no instructional benefit, or attended by docs’ spouses, relations and colleagues who had no instructional need to be there.

Pfizer ended the Nurtec speaker applications after paying $11.5 billion to buy Biohaven in October 2022.

“Patients deserve to know that their doctor is prescribing medications based on their doctor’s medical judgment, and not as a result of financial incentives from pharmaceutical companies,” stated Trini Ross, U.S. Lawyer for the Western District of New York.

Pfizer didn’t admit wrongdoing in agreeing to settle.

“We are pleased to put this legacy matter behind us, so that we can continue to focus on the needs of patients,” the New York-based drugmaker stated in a assertion.

The settlement resolves an August 2021 lawsuit filed within the Rochester, New York federal court docket by Patricia Frattasio, a former Biohaven neuroscience gross sales specialist.

She is going to obtain about $8.4 million from the settlement. About $41.8 million will go to the federal authorities and $9.5 million will go to state Medicaid applications.

The False Claims Act lets whistleblowers sue on behalf of the federal government, and share in recoveries.



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