Sunday, November 20, 2016

Genentech, OSI to pay $67 million over drug claims: U.S. Justice Dept



WASHINGTON Pharmaceutical agencies Genentech and OSI pharmaceuticals LLC will pay $sixty seven million to remedy allegations they made deceptive statements approximately the effectiveness of lung cancer drug Tarceva, the U.S. Justice department said on Monday.
The claims alleged that between 2006 and 2011, the agencies misrepresented the effectiveness of Tarceva to physicians and different healthcare companies to deal with sure sufferers with non-small mobile lung cancer, the branch said in a statement.
As a part of the settlement, the federal authorities gets $sixty two.6 million and state Medicaid packages will get $four.four million.
Medicaid is the joint U.S. federal-nation healthcare program for the poor.
"We trust our Tarceva promotional communications and practices have been and are entirely right and in compliance with the regulation," said Holli Kolkey, a spokeswoman for Genentech, a unit of Swiss drugmaker Roche conserving AG (ROG.S).
Kolkey added that the agreement allows the company to avoid civil litigation.
Astellas Pharma Inc (4503.T), which sold U.S. biotech OSI pharmaceuticals for $four billion in coins in 2010, said that it had determined to remedy the matter expeditiously, and mentioned that the alleged behavior preceded the deal.

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