Sandoz to Pay $12.64 Million in Settlement

OIG alleged that, between January 2010 and March 2012, Sandoz misrepresented Average Sales Price data to CMS. “Sandoz’s misrepresentations undermined the integrity of the Medicare Part B drug pricing system; we will continue to penalize manufacturers that misrepresent or fail to timely file the required information,” Chief Counsel Demske noted.

Sandoz, a division of Novartis Pharmaceuticals and one of the world’s largest generic manufacturers, markets hundreds of generic medications in the United States. OIG previously pursued CMPs against Sandoz for late reporting of drug pricing information to CMS. That case was settled in December 2011 with Sandoz paying $230,000…

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