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Teva Engages In Settlement Talks Over Medicare Kickback Allegations

Teva Pharmaceutical Industries Ltd (NYSE:TEVA) is reportedly in active discussions to settle a lawsuit with the U.S. Department of Justice (DOJ). The lawsuit alleges Teva used charitable organizations to cover Medicare patients’ out-of-pocket costs, effectively paying kickbacks to boost sales of its multiple sclerosis drug, Copaxone. Citing a filing, Reuters noted the company is requesting the Boston-based 1st U.S. Circuit Court of Appeals to delay its upcoming appeal hearing. Also Read: Generics Player Teva Pharmaceutical Aces Late-Stage Schizophrenia Drug Study, Stock Shoots Higher. The appeal is against a ruling regarding the government’s burden of proof in establishing violations of the False Claims Act, which prohibits defrauding government programs and allows recovery of taxpayer money through ...