DOJ accused local drugmaker of fraudulent pricing

DOJ accused local drugmaker of fraudulent pricing

The U.S. Department of Justice is accusing local drug maker Regeneron of fraudulent drug pricing. The department has filed a False Claims Act complaint against Regeneron Pharmaceuticals, claiming the company filed false average sales price reports.

The U.S. Department of Justice is accusing local drug maker Regeneron of fraudulent drug pricing.

The department has filed a False Claims Act complaint against Regeneron Pharmaceuticals, claiming the company filed false average sales price reports.

The complaint accuses the Renssealer-based company of failing to report price concession on its drug Eylea, which is used to treat neovascular age-related macular degeneration.

The government alleges Regeneron then greatly inflated the costs of its drug to Medicare over many years and enhanced its revenues.