US fines Novartis USD 390 mn over pharmacy kickbacks

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AFP New York
Last Updated : Nov 21 2015 | 2:42 AM IST
The US fined Swiss drugmaker Novartis USD 390 million for granting kickbacks to pharmacies that recommended the company's drugs, the Department of Justice announced today.
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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First Published: Nov 21 2015 | 2:42 AM IST

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