In September 2016, Jack Kachkar, the former chair and Chief Executive Officer of the pharmaceutical company Inyx Inc., made his first court appearance in response to an indictment charging him with eight counts of federal wire fraud. The indictment alleges that he engaged in a scheme to defraud Westernbank Puerto Rico to the tune of …
Plavix is the name of a drug used for inhibiting platelets. It’s manufactured by Sanofi Aventis of France and Bristol-Meyers Squibb from the United States. It was approved for use by the U.S. Food and Drug Administration (FDA) in late 1997. The actual drug is clopidogrel bisulfate. It’s a prescription medication that’s most commonly used …
Pharmaceutical giant, Pfizer announced that it had reached a settlement of lawsuit pending for over a decade involving two of its leading medications, Celebrex and Bextra. Celebrex and Bextra are classified as pain relievers. Unlike most pharma litigation, this class-action lawsuit was not brought by patients who used the medications. Rather, the lawsuit was pursued …
The Humana insurance company recently filed a lawsuit against one of the drug testing companies with whom they do business. They claim in the lawsuit that the company, a medication monitoring service provider called Ameritox, knowingly received several million dollars from Humana by issuing insurance claims that were largely false in nature. These fraudulent claims …
Ranbaxy Drug Safety Scandal Eight years after the family that controlled Ranbaxy Laboratories sold their share of the company, they have been ordered to pay $400 million to Daiichi Sankyo for not disclosing information about their many lapses in quality control. On Thursday, an arbitration panel declared that Malvinder Mohan Singh and Shivinder Mohan Singh …
Last week, Japanese prosecutors raided the local offices of Swiss company, Novartis pharmaceuticals, after the Japanese health ministry filed a criminal complaint against the firm. Novartis pharmaceuticals has been under investigation for allegedly manipulating advertising data for the blood pressure drug, Diovan. Under Japan’s pharmaceutical law, anyone that is found guilty of exaggerated advertising of …
Teva Pharmaceutical Industries is under investigation by the Department of Justice and Securities and Exchange Commission (SEC) for potentially violating the False Claims Act (FCA). Teva is the largest generic pharmaceutical company in the country and one in six of the 3.3 billion generic prescriptions in the United States are filled with a Teva product. …
Xarelto (rivaroxaban), first approved in 2011, is a blood thinner that prevents the formation of blood clots. It’s used to treat a type of blood clot called deep vein thrombosis (DVT), which can lead to blood clots in the lungs (pulmonary embolism). The blood thinner is also used to treat atrial fibrillation (abnormal heartbeat), or …
According to the CDC stroke is the fourth leading cause of death in the United States. About 800,000 people in the US have a stroke each year. What Is A Stroke? Stroke occurs when a blood clot blocks an artery or a blood vessel breaks, this interrupts blood flow to a specific area of the …
German drug maker Boehringer Ingelheim is facing more than 2,000 lawsuits over blood thinner, called Pradaxa. What Is Pradaxa? Pradaxa is the first approved oral alternative to warfarin in over 50 years used to reduce the risk of stroke in patients with atrial fibrillation not caused by a heart valve problem. According to Pradaxa’s website …