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Shire settles kickback case for $350M

Jan. 12, 2017 3:27 AM ETShire PLC (SHPG) StockSHPGBy: Yoel Minkoff, SA News Editor1 Comment
  • Shire (NASDAQ:SHPG) has agreed to pay a $350M settlement over U.S. claims that it used "kickbacks and other unlawful methods" to induce doctors to prescribe Dermagraft, a bioengineered human skin substitute.
  • Deputy U.S. attorney-general Benjamin Mizer, head of the DOJ's civil division, said the settlement was "the largest False Claims Act recovery" in a kickback case involving a medical product.

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