U.S. Accuses J&J Of Kickback Scheme With Omnicare.

[elleng]

Source: nyt/reuters

The Justice Department accused giant pharmaceutical company Johnson & Johnson <JNJ.N> of paying tens of millions of dollars in kickbacks to Omnicare Inc <OCR.N> to buy and recommend J&J drugs.

The alleged kickbacks, dating from 1999 through 2004, included providing pharmacy services company Omnicare with increased rebates in exchange for more prescriptions of J&J drugs as well as payments for data that was never furnished, the Justice Department said.

J&J also made other payments, called "grants" and "educational funding," that were meant to persuade Omnicare to recommend the company's medicines, the government said.



Read more: http://www.nytimes.com/reuters/2010/01/17/business/business-us-johnsonandjohnson-kickbacks.html

[napi21]

1. I posted this yesterday. Nobody seemed to care! I said than that

these AH's will bribe anybody to make a buck!

[elleng]

2. Happens to me often, napi!

Who knows when folks see stuff here! Seems like a biggie, that is, DOJ going after J&J. AND then folks here complain, 'Where's the change!'

[napi21]

3. I couldn't believe it that nobody cared! One of the co's in my mutual fund is J&J!

Pisses me off big time but it's a mutual fund so I can only switch to another one. These Ah's are rea;;y slime. I understand wanting to improve the earnings so you pleasese the stockholders, but what they did is criminal!

[Celebration]

4. I care

I posted it in Health and it got 4 recs I think.

[FreakinDJ]

5. Obama"s administration goes after High Level Medicare Fraud

is the only reason we are seeing more and more stories like this.

Under the last administration it was "If it is Good for Business, it is Good for US"