US fines Novartis $390m over pharmacy kickbacks

GMT 20:14 2015 Friday ,20 November

Arab Today, arab today 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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