$286M Novartis Kickback Settlement Approved By New York Federal Judge

(December 2, 2015, 12:31 PM EST) -- NEW YORK — A New York federal judge on Nov. 20 approved a $286.87 million settlement of claims that Novartis Pharmaceuticals Corp. violated the False Claims Act and the Anti-Kickback Statute through its promotion of its Exjade iron chelation drug and Myfortic immunosuppressant drug (United States of America, ex rel. David Kester v. Novartis Pharmaceuticals Co., No. 11-8196, S.D. N.Y.).

(Stipulation and order of settlement and dismissal available. Document #28-151203-017R.)

The agreement in principle to settle was announced Oct. 27 by Novartis.

The agreement approved by...
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