tci Medicare Compliance & Reimbursement - 2005 Issue 43
ENFORCEMENT WATCH: Kickback Case Nets More Than $700 Million In Fines
Serono, S.A. out a bundle after fraud surrounding Serostim.Think the era of blockbuster health care fraud cases is over? Think again.Swiss drug manufacturer Serono, S.A., and its U.S. subsidiaries have agreed to pay $704 million to settle criminal charges and civil allegations of illegal schemes to market and sell Serostim, a drug to treat AIDS wasting, the Department of Justice announced on Oct. 17. Serono Laboratories has agreed to pay a nearly $137 million criminal fine and its affiliates will pay $567 million in civil settlements. Recovery Nearly Sets Record With all the fines...
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