Request Legal Help Now - Free

LAWSUITS NEWS & LEGAL INFORMATION

Cephalon Inc.

Frazer, PA: (Jul-31-07) Biotechnology company Cephalon Inc. had a second quarter loss after reserving $56 million for a settlement over alleged illegal marketing for the anticancer drug Trisenox. The controversy involving the drug had earlier cost the company $10.5 million in settlements, but company officials have since put that figure at close to $56 million.

The $56 million settlement reserve stemmed from complaints that Seattle-based Cell Therapeutics marketed the drug for uses that were not approved by the Food and Drug Administration. Cephalon bought the drug from Cell Therapeutics in 2005 and stopped the marketing campaign. The complaint also included allegations of giving doctors kickbacks to prescribe the drug. The company stated that the figure could well exceed that mark as they are expecting claims from the US Attorney's Office, the Office of the Connecticut Attorney General and related claims by other states. [FORBES: TRISENOX MARKETING]


Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.
Published on Aug-1-07


ADD YOUR COMMENT ON THIS ISSUE

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.

Request Legal Help Now! - Free