Biogen agrees to pay $900M to settle lawsuit over kickbacks - InvestingChannel

Biogen agrees to pay $900M to settle lawsuit over kickbacks

Biogen has reached a final agreement to pay $900M to resolve previously disclosed qui tam litigation relating to speaker and consultant programs conducted by the company prior to 2015. In a statement, Biogen said: “Biogen believes its intent and conduct was at all times lawful and appropriate and Biogen denies all allegations raised in this case. The U.S. and the states did not intervene in the case and the settlement does not include any admission of liability by Biogen. Biogen determined that now was the right time to resolve the litigation and allow the company to remain focused on our patients and strategic priorities. Biogen continues to believe that it is important to equip physicians and patients with the information needed to make the best decisions for their care.”

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