Hundreds of Millions Lost in Pharma/Medical Device Settlements

The pharmaceutical and medical device industries are BIG business. Billions of dollars are spent each year on payments and transfers of value to physicians, non-physician practitioners, and hospitals.

Pharmaceutical and medical device companies are expected to turn a profit, and sometimes the efforts to influence decision-makers can cross the line, resulting in significant settlements. You’ve probably seen examples of it in plenty of headlines. A 52 million dollar settlement for questionable charitable donations to allegedly boost drug sales. A 642 million dollar settlement with a pharmaceutical company to resolve allegations of improper payment to patients and doctors. A 16 million dollar settlement to resolve claims that a medical device company improperly paid royalty payments to an orthopedic surgeon to influence the use and recommendation of medical devices.

Watch our on-demand webinar, “Pharmaceutical and Medical Device COI and Unique Compliance Risks,” to learn:

• Unique Compliance Risks for Pharmaceutical and Medical Device Companies
• How Payments to Medical Practitioners and Hospitals Can Cause Conflicts of Interest
• Strategies Compliance Programs Can Use to Avoid These Mistakes