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The jury that found Novartis Pharmaceuticals ( NVS) guilty of sex discrimination returned a verdict on Wednesday of $250 million in punitive damages, on top of what plaintiffs' attorneys estimate ...
With policy reform, drug recalls, medical breakthroughs and plenty of layoffs, 2010 proved to be an exciting -- if not entirely positive -- year for health care. The passage of the controversial ...
Novartis: Off-label promotion of Tobi, May 2010. Novartis Vaccines & Diagnostics and Novartis Pharmaceuticals Corporation agreed to pay $72.5 million to settle claims brought under the False Claims Act alleging off-label promotion of the cystic fibrosis drug Tobi between 2001 and 2006.
Glaxo's $3 billion settlement included the largest civil False Claims Act settlement on record, [ 1] and Pfizer’s $2.3 billion ($3.5 billion in 2022) settlement including a record-breaking $1.3 billion criminal fine. [ 2] Legal claims against the pharmaceutical industry have varied widely over the past two decades, including Medicare and ...
A daily look at legal news and the business of law... Novartis Faces Punitive Damages Well, that didn't take long. A week after the jury got the case in the largest sex discrimination case ever to ...
Jimenez joined Novartis in 2007 as Division Head of Novartis Pharmaceutical and was named CEO in 2010 by his predecessor and Chairman Daniel Vasella.. During his time at Novartis, Jimenez increasingly applied standard business metrics to pharma cash flow, purchasing and competitive bidding, confident that his experience in consumer goods would help to realize improvements in Novartis' operations.
A daily look at legal news and the business of law: Novartis Settles Sex Bias Case Pharmaceutical giant Novartis (NVS) lost a huge gender discrimination case in May, and faced $250 million in ...
Novartis AG is a Swiss multinational pharmaceutical corporation based in Basel, Switzerland. Consistently ranked in the global top five, Novartis is one of the largest pharmaceutical companies in the world and was the fourth largest by revenue in 2022. [ 4][ 5] Novartis manufactures the drugs clozapine (Clozaril), diclofenac (Voltaren; sold to ...