Tag: Pharma
Jury finds Eli Lilly liable for defrauding Medicaid, must pay $61M in damages
Aug 5, 2022. More than eight years after a former pharmacist sued Eli Lilly, Bristol Myers Squibb and other drugmakers for allegedly skimping out on Medicaid rebates, Lilly’s day in court has finally come. Now, a jury has found the Indianapolis-based company liable for defrauding the nation’s Medicaid program and ordered it to shell out $61 million in damages. Because the damages are trebled under the False Claims Act, meanwhile, the final judgement will exceed $183 million, the law firm…
Sanofi, Lilly, Novo and trio of PBMs face racketeering charges over insulin drug pricing
Jul 13, 2022. Diabetes giants Sanofi, Eli Lilly and Novo Nordisk, plus a trio of pharmacy benefit managers will have to face racketeering charges over claims they systematically hiked the price of insulin drugs. U.S. District Judge Brian Martinotti on Friday denied motions by the defendants—which also include PBM bigwigs OptumRx, Caremark and Express Scripts—to scrap claims under the Racketeer Influenced and Corrupt Organizations (RICO) Act. Martinotti did drop antitrust claims under the Robinson-Patman Act, meant to stop distributors from…
