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Nate Raymond

U.S. accuses Tennessee-based pain clinic operators of billing fraud

12:50am GMT

The U.S. Justice Department has sued the owners of a group of pain management clinics based in Tennessee, alleging that they billed federal healthcare programs for injections that were never provided to patients.

Ranbaxy beats class certification bid in case over contamination threat

15 Nov 2018

A federal judge has refused to certify a class of consumers who sued India's Ranbaxy Laboratories Ltd to obtain a refund for generic Lipitor pills they bought that the company later recalled due to a possible contamination threat.

Atrium Health settles U.S. Justice Department antitrust lawsuit

15 Nov 2018

Atrium Health, which runs the largest hospital network in North Carolina, has agreed to resolve a U.S. Justice Department antitrust lawsuit in a nonmonetary deal in which it agreed to eliminate contractual prohibitions on insurers steering patients to lower-cost medical providers.

Tennessee hospitals win challenge to Medicaid payment policy

14 Nov 2018

A federal appeals court on Wednesday blocked the U.S. Centers for Medicare & Medicaid Services from enforcing policies adopted in 2010 that altered how Medicaid payments to hospitals that treat high numbers of low-income patients are calculated.

Ex-State Street exec gets six months in prison for defrauding clients

14 Nov 2018

A former State Street Corp executive was sentenced on Wednesday to six months in prison for participating in a scheme to overcharge customers of the bank by applying secret commissions on billions of dollars' worth of securities trades.

Former Insys executive to plead guilty in opioid bribe case

14 Nov 2018

A former executive at Insys Therapeutics Inc accused of participating in a wide-ranging scheme to bribe doctors to prescribe the company's flagship opioid medication has agreed to plead guilty, federal prosecutors said on Wednesday.

Ex-Merrimack Pharmaceuticals employee gets prison for insider trading

14 Nov 2018

A former Merrimack Pharmaceuticals Inc employee was sentenced on Tuesday to six months in prison after being convicted of participating in an insider trading scheme with a friend at a rival biopharmaceutical company.

Ex-Aveo Pharmaceuticals CFO takes stand in SEC fraud trial

13 Nov 2018

Aveo Pharmaceuticals Inc's ex-chief financial officer, who is on trial for allegedly misleading investors by hiding bad news about the biotech's efforts to obtain regulatory approval for a kidney cancer drug, acknowledged on Tuesday that he never disclosed that the U.S. Food and Drug Administration had recommended the drugmaker conduct another clinical trial.

Insys says unit may plead guilty in DOJ opioid probe deal

12 Nov 2018

Insys Therapeutics Inc has disclosed it expects one of its subsidiaries will have to plead guilty as part of an at least $150 million deal it is negotiating with the U.S. Justice Department resolving claims the drugmaker paid doctors kickbacks to prescribe an opioid.

Washington state research companies, owner indicted for fraud

10 Nov 2018

The owner of two Washington state medical research companies has been indicted on charges that he engaged in a fraudulent scheme to enrich himself by falsifying data for a drug trial testing an opioid alternative.

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