UPDATE 1-Sanofi to pay $11.9 mln to resolve U.S. drug charity kickback probe [Reuters]
Sanofi - American Depositary Shares (SNY)
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sanofi.com/en/investors
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Source: Reuters
Sanofi to pay $11.9 million to resolve U.S. drug charity kickback probe BOSTON (Reuters) - Sanofi SA ( SASY.PA ) has agreed to pay $11.85 million to resolve U.S. allegations that it used a charity that helps cover Medicare patients’ out-of-pocket drug costs as a means to pay them kickbacks to use a high-priced multiple sclerosis drug. The deal, announced by the U.S. Justice Department on Friday, was the latest to result from an industry-wide probe of drugmakers’ financial support of patient assistance charities that has resulted in more than $865 million in settlements. The government said Sanofi provided payments to one such charity, The Assistance Fund, not with a charitable purpose in mind but instead to use it as a means to cover the co-pay obligations of Medicare patients using the MS drug Lemtrada. TAF like other charities in the probe provide assistance to patients seeking to pay out-of-pocket costs for medications. Sanofi, whose drug costs nearly $100,000 per year per patien
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