Pharma Industry Beware: False Claims Litigation Could Cost Upwards of $300 Million
The pharmaceutical industry discovers, create, products, and markets pharmaceutical drugs for use as medications to be administered to patients (or self-administered) in order to alleviate a symptom, cure them, or vaccinate them. The global pharmaceutical market is expected to reach $1.12 trillion by the year 2022.
Since the pharma industry is so essential for the health of billions of people across the world, pharma organizations need to be extremely careful down to the last detail. Even the smallest mistake can result in hundreds of millions of dollars in fines or worse.
According to The National Law Review, a pharma company has agreed to pay a significant settlement to resolve allegations that they illegally made a few years ago to a fund meant to assist Medicare patients taking pulm...