Investigations

GRABAR LAW OFFICE INVESTIGATES POTENTIAL CLAIMS AGAINST OFFICERS AND DIRECTORS OF BIOGEN INC. (NASDAQ: BIIB)

As announced by the DOJ, the settlement resolves a lawsuit filed and litigated by a former Biogen employee against Biogen under the whistleblower provisions of the federal False Claims Act, in which it was alleged that Biogen paid kickbacks to physicians to induce them to prescribe the company’s multiple sclerosis drugs. According to the relator’s complaint, from Jan. 1, 2009, through March 18, 2014, Biogen offered and paid remuneration, including in the form of speaker honoraria, speaker training fees, consulting fees and meals, to health care professionals who spoke at or attended Biogen’s speaker programs, speaker training meetings or consultant programs to induce them to prescribe the drugs Avonex, Tysabri and Tecfidera, in violation of the Anti-Kickback Statute.

A copy of the DOJ press release can be seen here: Biogen Inc. Agrees to Pay $900 Million to Settle Allegations Related to Improper Physician Payments _ OPA _ Department of Justice

If you are a current long-term Biogen shareholder, you may be able seek corporate reforms, the return of funds expended defending litigation back to company coffers, and a court approved incentive award if appropriate.

If you would like to learn more about this matter at no cost to you, contact us at jgrabar@grabarlaw.com or call 267-507-6085.

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Investigations

GRABAR LAW OFFICE INVESTIGATES POTENTIAL CLAIMS AGAINST OFFICERS AND DIRECTORS OF BIOGEN INC. (NASDAQ: BIIB)

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