US fines Novartis $390m over pharmacy kickbacks
Swiss drugmaker Novartis
New York - Arab Today
The US fined Swiss drugmaker Novartis $390 million for granting kickbacks to pharmacies that recommended the company's drugs, the Department of Justice announced Friday.
In a settlement deal Novartis admitted that it gave specialty pharmacies exceptional rebates and patient referrals in exchange for recommending Exjade, which treats excess iron in blood, and Myfortic, an anti-rejection drug for kidney transplant recipients.
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Dubai - Arab Today
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