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Abbott and AbbVie to pay $25M to settle TriCor case

Published 10/26/2018, 04:42 PM
© Reuters.  Abbott and AbbVie to pay $25M to settle TriCor case
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  • Reuters reports that Abbott (NYSE:ABT) and AbbVie (NYSE:ABBV) have agreed to pay a total of $25M to settle a whistleblower lawsuit accusing the companies of an alleged kickback scheme to doctors aimed at driving prescriptions for cholesterol med TriCor (fenofibrate) and for allegedly promoting the drug for unapproved uses.
  • The suit was filed in 2009 by a former sales rep.
  • AbbVie was spun out of Abbott in 2013.
  • Now read: Takeda offers to divest Shire IBD candidate to satisfy European regulators on merger


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