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Saturday, November 21, 2009 10:21 PM

Published 11/03/2009 by Forbes.com


Omnicare, Teva co pay $112 million for kickbacks

WASHINGTON (Reuters) - Omnicare Inc, the largest U.S. provider of pharmacy services to nursing homes, will pay $98 million and Teva subsidiary IVAX Pharmaceuticals will pay $14 million to settle allegations of kickbacks, the U.S. Department of Justice said Tuesday.

The department said Omnicare

Omnicare allegedly...

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What others report on the same story

BRIEF-Justice Dept says Omnicare, Teva subsidia... - [11/03/2009 - Interactive Investor International]
BRIEF-Justice Dept says Omnicare, Teva subsidia... - [11/03/2009 - Forbes.com]
US DOJ:Omnicare To Pay $98 Million,Teva Unit $1... - [11/03/2009 - CNN Money]
UPDATE: US DOJ: Omnicare To Pay $98 Million, Te... - [11/03/2009 - CNN Money]
2nd UPDATE: DOJ:Omnicare, Teva Unit To Pay In K... - [11/03/2009 - CNN Money]
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Quotes

...home patients. "J&J's kickbacks to Omnicare took multiple forms, including rebates that were conditioned on Omnicare engaging in an 'Active Intervention Program' for Risperdal and payments disguised as data purchase fees, educational grants, and fees to attend Omnicare meetings" the Justice Department...
Omnicare, Teva co pay $112 million for kickbacks [Forbes.com - 11/03/2009]
...any wrongdoing. "The settlement agreement does not include any finding of wrongdoing or any admission of liability by Omnicare" the company said in...
Omnicare, Teva co pay $112 million for kickbacks [Forbes.com - 11/03/2009]
...in a statement. "The company denies the contentions of the federal government and the qui tam relators (whistle-blowers) as set forth in the complaints and further denies any liability related to those contentions." Teva did not immediately...
Omnicare, Teva co pay $112 million for kickbacks [Forbes.com - 11/03/2009]

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