Celgene Settles 'Whistle Blower' Lawsuit for $280 Million
Celgene had been accused of marketing off-label uses for two of its cancer treatments.
Celgene Corp. (CELG) - Get Celgene Corporation Report has settled a lawsuit for $280 million that was brought by a whistle blower claiming the company promoted off-label uses for two of its cancer drugs.
The lawsuit accused the company of promoting Revlimid and Thalomid for uses not prescribed on the drugs' labels, in turn defrauding federal and state Medicare programs out of billions of dollars as doctors prescribed the drugs for uses that were not specified on its label.
The lawsuit was brought by Beverly Brown, a former sales representative for the company.
Scroll to Continue
TheStreet Recommends
Watch More with TheStreet:
- Amazon Is a Long-Term Buy, Jim Cramer Says
- 5 Outrageously Expensive Jimmy Choo Shoes and Bags That Should Scare Coach
- Take a Look at Wall Street's Sexiest Terms
- Elon Musk and 3 Other Business Titans Say Artificial Intelligence Will Send You The Pink Slip
- Stephen Curry Makes What? These 6 Sports Contracts Will Blow Your Mind
