Serono, maker of MS Drug (Rebif) FINED!!

[Guest guest]

Serono, maker of MS Drug (Rebif) FINED!!

Drugmaker to pay $704M for fraud

WASHINGTON -- The Swiss manufacturer of the AIDS treatment drug Serostim agreed

Monday to pay $704 million and plead guilty to scheming to boost sagging sales

by, among other things, offering kickbacks to doctors to write prescriptions. As

part of the plea, Serono Laboratories will be barred from participating in

federal health programs for five years and will pay a criminal fine of $136.9

million and civil penalties of $567 million. The amount is the third largest

payment for health care fraud, Attorney General Alberto said in

announcing the plea agreement.

=======

Their drugs are probably a fraud too.