
The United States Justice Department has filed a complaint against Regeneron Pharmaceuticals, accusing the company of fraudulent practices related to Medicare reimbursement for its drug, Eylea. The complaint, resulting from an investigation conducted in collaboration with the Office of Inspector General at the Department of Health and Human Services (HHS), alleges that Regeneron manipulated the average sales price reports for Eylea, leading to fraudulent drug pricing reporting. This manipulation is said to have inflated the costs of Eylea to Medicare, thereby enhancing Regeneron's revenues over many years. The case has been brought under the False Claims Act, highlighting the serious nature of the allegations against Regeneron.

"Regeneron greatly inflated the costs of its (Eylea) drug to Medicare over many years and enhanced its revenues," the US Justice Department claims in a new lawsuit.. https://t.co/axwnAngmN3 #pharma #Medicare #eyes #Eylea $REGN
US files a lawsuit against @Regeneron, accusing the #pharma company of fraudulent price reporting for ophthalmology drug Eylea, inflating the cost of the drug to #Medicare. https://t.co/yJ3NqIfita
Justice Dept. accuses Regeneron of manipulating Medicare pricing https://t.co/fCKzFSQUvW