Drug Pusher Lawsuit
Biovail agrees to pay $24.6 million settlement in criminal lawsuit.
Drug PusherNew York, NY: (May-16-08) US Attorney Michael Sullivan's office brought a lawsuit against Biovail Pharmaceuticals Inc., a NJ, based subsidiary of Biovail Corp., alleging that the company illegally paid doctors so that they would prescribe Cardizem LA, a blood pressure drug. The suit alleged that Biovail Corp. paid thousands of physicians and others up to $1,000 each, to induce them to either prescribe or recommend Cardizem LA.
In a recent development, company spokespersons stated that the subsidiary agreed to plead guilty and pay a total $24.6 million to settle the federal criminal charges. Officials at Sullivanâ€™s office said the investigation did not implicate the current management of Biovail in the scheme. Both, the US Attorney's office and the Toronto-based pharmaceutical company announced the settlement separately. [CNN MONEY: DRUG MAKER SETTLES FEDERAL PROBE FOR $24.6 MILLION]
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