Valeant Defrauded in Philidor Kickback Scheme, U.S. Says

Valeant Defrauded in Philidor Kickback Scheme, U.S. Says


Valeant Pharmaceuticals International Inc. was the victim of a multimillion-dollar fraud by an executive who engaged in a hidden kickback scheme with the chief executive of a mail-order pharmacy company that sold its drugs, federal officials said. Former Valeant executive Gary Tanner and Andrew Davenport, who ran Philidor Rx Services LLC, were arrested early Thursday in Phoenix and Philadelphia and charged with fraud and money laundering.



from Biotech News