SmithKline Announces $325 Million Settlement

Charges include billing practices through 1996 as well as violation of physician kickback statutes

CEO SUMMARY: Prosecutors continue to investigate. Criminal charges could be forthcoming against the company and individuals. Allegations against SmithKline expand the scope of laboratory practices that government regulators consider to be violations of existing statutes.

Despite the fact that Smithkline Beecham’s settlement was expected, details of the case generated surprise among lab industry executives.

At $325 million,

Subscriber-Only Content. Please Log In.

You are trying to access subscribers-only content. If you are a subscriber, please log in.

If you are not a subscriber, click here to see subscription offers.

Subscribers will have instant access to the Dark Report library, 1997 - the present, giving you the most convenient, accessible archive available in laboratory business intelligence today!

To read our FREE article previews, go to The Dark Report Insider.

Tags: , , , , , , , , , , , , , ,

Enter Your Login Credentials

Send this to friend