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The Pulse of the Pharmaceutical Industry

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Oooooh, That’s Scary! Welcome to the Dark Side of Biopharma

For Halloween, BioSpace collected six tales of thrills and chills from the pharma and biotech industries that will surely have you covering your eyes in terror.

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PixarBio CEO Who Claimed He Cured Paralysis Convicted of Defrauding Investors

One year after his arrest, PixarBio CEO Francis Reynolds was convicted of defrauding investors of $12.7 million.

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U.S. agents search Clio Laboratories in fraud probe

U.S. federal agents executed a warrant to search the Clio Laboratories in Georgia as part of a nationwide crackdown into genetic testing fraud against federal health insurance programs.

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Four Investors Indicted on Federal Fraud Charges Involving Vermont Biotech Company

A federal grand jury recently filed criminal charges against several developers for fraud involving a Vermont biotech company.

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U.S. charges 24 in telemedicine healthcare fraud resulting in losses of $1.2+ billion

U.S. authorities said 24 defendants were charged in connection with one of the largest healthcare fraud schemes prosecuted by the federal government, involving telemedicine companies and resulting in more than $1.2 billion of losses.

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Report Shows Life Science Companies Continue to Be a Favorite Target of Securities Fraud Class Action Lawsuits

Despite a decline over the past year of class action lawsuits, life science companies remain a popular target for securities fraud litigation.

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Walgreens settles U.S. civil fraud lawsuits

Walgreens Boots Alliance Inc. will pay $269.2 million to settle two whistleblower lawsuits accusing the pharmacy chain of civil fraud for overbilling federal healthcare programs for over a decade.

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BioSpace Readers’ Picks: Top 10 Stories of 2018

Here is a look at BioSpace’s top 10 stories of 2018.

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Community Health unit to pay $260 million to resolve U.S. fraud probe

A hospital operator owned by Community Health Systems will pay more than $260 million to resolve claims that Health Management Associates defrauded government healthcare programs and paid doctors kickbacks for patient referrals, the U.S. Justice Department said.

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New York sues OxyContin maker Purdue Pharma

New York state sued Purdue Pharma LP, accusing the OxyContin maker of widespread fraud and deception in the marketing of opioids, and contributing to a nationwide epidemic.

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