Drug Maker Pays $360 Million to Settle Investigation Into Charity Kickbacks [The New York Times]
Johnson & Johnson (JNJ)
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Source: The New York Times
The drug maker Actelion Pharmaceuticals has agreed to a $360 million settlement stemming from an investigation into whether the company illegally funneled kickbacks through a patient-assistance charity, federal prosecutors said Thursday . Actelion, which was acquired by Johnson & Johnson in 2017 and makes expensive drugs to treat a rare lung condition, is the latest pharmaceutical company to settle federal inquiries into their ties to patient-assistance groups, including whether companies have used the patient programs to increase the price of their drugs. In 2017, United Therapeutics paid $210 million to settle similar allegations, and Pfizer paid nearly $24 million to do so in May. Several other drug makers have disclosed that they are also under investigation for their use of patient-assistance charities, including Biogen, Celgene and others. “Pharmaceutical companies cannot have it both ways — they cannot continue to increase drug prices while engaging in co
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JNJ
Earnings
- 4/16/24 - Beat
JNJ
Sec Filings
- 4/16/24 - Form 8-K/A
- 4/16/24 - Form 8-K
- 3/27/24 - Form PX14A6G
- JNJ's page on the SEC website