J&J unit to pay $360 million to U.S. to resolve charity kickback probe [Reuters (UK)]
Johnson & Johnson (JNJ)
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Source: Reuters
J&J; unit to pay $360 million to U.S. to resolve charity kickback probe | Reuters 3 Min Read BOSTON (Reuters) - A unit of Johnson & Johnson ( JNJ.N ) has agreed to pay the U.S. government $360 million to resolve an investigation into its financial support of charities that help Medicare patients cover out-of-pocket drug costs, the U.S. Justice Department said on Thursday. The settlement with Actelion Pharmaceuticals US Inc, which became a subsidiary of J&J; after the pharmaceutical giant acquired the biotech company in 2017, was the largest so far to result from an industry-wide probe into drugmakers’ support of patient assistance charities. The investigation, led by the U.S. Attorney’s Office for the District of Massachusetts, has led to allegations that several drugmakers used these charitable foundations as a means to pay Medicare patients’ co-pays in violation of the Anti-Kickback Statute. Actelion did not admit wrongdoing as part of the settlement. New Brunswick, New Jersey-bas
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- 3/27/24 - Form PX14A6G
- 3/13/24 - Form 4
- 3/13/24 - Form 144
- JNJ's page on the SEC website