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BIIB » Topics » If we fail to comply with the extensive legal and regulatory requirements affecting the healthcare industry, we could face increased costs, penalties and a loss of businessThis excerpt taken from the BIIB 10-Q filed Apr 17, 2009. If we
fail to comply with the extensive legal and regulatory
requirements affecting the healthcare industry, we could face
increased costs, penalties and a loss of business.
Our activities, and the activities of our collaborators and
third party providers, are subject to extensive government
regulation and oversight both in the United States and in
foreign jurisdictions. Pharmaceutical and biotechnology
companies have been the target of lawsuits and investigations
alleging violations of government regulation, including claims
asserting submission of incorrect pricing information,
impermissible off-label promotion of pharmaceutical products,
payments intended to influence the referral of federal or state
healthcare business, submission of false claims for government
reimbursement, antitrust violations, or violations related to
environmental matters. Violations of governmental regulation may
be punishable by criminal and civil sanctions, including fines
and civil monetary penalties and exclusion from participation in
government programs, including Medicare and Medicaid. In
addition to penalties for violation of laws and regulations, we
could be required to repay amounts we received from government
payors, or pay additional rebates and interest if we are found
to have miscalculated the pricing information we have submitted
to the government. Whether or not we have complied with the law,
an investigation into alleged unlawful conduct could increase
our expenses, damage our reputation, divert management time and
attention and adversely affect our business.
This excerpt taken from the BIIB 10-K filed Feb 6, 2009. If we
fail to comply with the extensive legal and regulatory
requirements affecting the healthcare industry, we could face
increased costs, penalties and a loss of business.
Our activities, and the activities of our collaborators and
third party providers, are subject to extensive government
regulation and oversight both in the United States and in
foreign jurisdictions. Pharmaceutical and biotechnology
companies have been the target of lawsuits and investigations
alleging violations of government regulation, including claims
asserting submission of incorrect pricing information,
impermissible off-label promotion of pharmaceutical products,
payments intended to influence the referral of federal or state
healthcare business, submission of false claims for government
reimbursement, antitrust violations, or violations related to
environmental matters. Violations of governmental regulation may
be punishable by criminal and civil sanctions, including fines
and civil monetary penalties and exclusion from participation in
government programs, including Medicare and Medicaid. In
addition to penalties for violation of laws and regulations, we
could be required to repay amounts we received from government
payors, or pay additional rebates and interest if we are found
to have miscalculated the pricing information we have submitted
to the government. Whether or not we have complied with the law,
an investigation into alleged unlawful conduct could increase
our expenses, damage our reputation, divert management time and
attention and adversely affect our business.
This excerpt taken from the BIIB 10-Q filed Oct 21, 2008. If we
fail to comply with the extensive legal and regulatory
requirements affecting the healthcare industry, we could face
increased costs, penalties and a loss of business
Our activities, including the sale and marketing of our
products, are subject to extensive government regulation and
oversight both in the U.S. and in foreign jurisdictions.
Pharmaceutical and biotechnology companies have been the target
of lawsuits and investigations alleging violations of government
regulation, including claims asserting submission of incorrect
pricing information, impermissible off-label promotion of
pharmaceutical products, causing false claims to be submitted
for government reimbursement as well as antitrust violations, or
other violations related to environmental matters. Violations of
governmental regulation may be punishable by criminal and civil
sanctions, including fines and civil monetary penalties and
exclusion from participation in government programs. In addition
to penalties for violation of laws and regulations, we could be
required to repay amounts we received from government payors, or
pay additional rebates and interest if we are found to have
miscalculated the pricing information we have submitted to the
government.
Whether or not we have complied with the law, an investigation
into alleged unlawful conduct could increase our expenses,
damage our reputation, divert management time and attention and
adversely affect our business.
The federal Medicare/Medicaid anti-kickback law prohibits
payments intended to induce any entity either to purchase,
order, or arrange for or recommend the purchase of healthcare
products or services paid for under federal health care
programs. There are similar laws in a number of states. These
laws constrain the sales, marketing and other promotional
activities of manufacturers of drugs and biologics, such as us,
by limiting the kinds of financial arrangements, including sales
programs, with hospitals, physicians, and other potential
purchasers of drugs and biologics. Other federal and state laws
generally prohibit individuals or entities from knowingly
presenting, or causing to be presented, claims for payment from
federal health care programs, including Medicare, Medicaid, or
other third party payors that are false or fraudulent, or are
for items or services that were not provided as claimed.
Anti-kickback and false claims laws prescribe civil and criminal
penalties for noncompliance that can be substantial, including
the possibility of exclusion from federal healthcare programs
(including Medicare and Medicaid).
This excerpt taken from the BIIB 10-Q filed Jul 22, 2008. If we
fail to comply with the extensive legal and regulatory
requirements affecting the healthcare industry, we could face
increased costs, penalties and a loss of business
Our activities, including the sale and marketing of our
products, are subject to extensive government regulation and
oversight both in the U.S. and in foreign jurisdictions.
Pharmaceutical and biotechnology companies have been the target
of lawsuits and investigations alleging violations of government
regulation, including claims asserting submission of incorrect
pricing information, impermissible off-label promotion of
pharmaceutical products, causing false claims to be submitted
for government reimbursement as well as antitrust violations, or
other violations related to environmental matters. Violations of
governmental regulation may be punishable by criminal and civil
sanctions, including fines and civil monetary penalties and
exclusion from participation in government programs. In addition
to penalties for violation of laws and regulations, we could be
required to repay amounts we received from government payors, or
pay additional rebates and interest if we are found to have
miscalculated the pricing information we have submitted to the
government.
Whether or not we have complied with the law, an investigation
into alleged unlawful conduct could increase our expenses,
damage our reputation, divert management time and attention and
adversely affect our business.
The federal Medicare/Medicaid anti-kickback law prohibits
payments intended to induce any entity either to purchase,
order, or arrange for or recommend the purchase of healthcare
products or services paid for under federal health care
programs. There are similar laws in a number of states. These
laws constrain the sales, marketing and other promotional
activities of manufacturers of drugs and biologics, such as us,
by limiting the kinds of financial arrangements, including sales
programs, with hospitals, physicians, and other potential
purchasers of drugs and biologics. Other federal and state laws
generally prohibit individuals or entities from knowingly
presenting, or causing to be presented, claims for payment from
federal health care programs, including Medicare, Medicaid, or
other third party payors that are false or fraudulent, or are
for items or services that were not provided as claimed.
Anti-kickback and false claims laws prescribe civil and criminal
penalties for noncompliance that can be substantial, including
the possibility of exclusion from federal healthcare programs
(including Medicare and Medicaid).
This excerpt taken from the BIIB 10-Q filed Apr 23, 2008. If we
fail to comply with the extensive legal and regulatory
requirements affecting the healthcare industry, we could face
increased costs, penalties and a loss of business
Our activities, including the sale and marketing of our
products, are subject to extensive government regulation and
oversight both in the U.S. and in foreign jurisdictions.
Pharmaceutical and biotechnology companies have been the target
of lawsuits and investigations alleging violations of government
regulation, including claims asserting submission of incorrect
pricing information, impermissible off-label promotion of
pharmaceutical products, causing false claims to be submitted
for government reimbursement as well as antitrust violations, or
other violations related to environmental matters. Violations of
governmental regulation may be punishable by criminal and civil
sanctions, including fines and civil monetary penalties and
exclusion from participation in government programs. In addition
to penalties for violation of laws and regulations, we could be
required to repay amounts we received from government payors, or
pay additional rebates and interest if we are found to have
miscalculated the pricing information we have submitted to the
government
Table of Contents
Whether or not we have complied with the law, an investigation
into alleged unlawful conduct could increase our expenses,
damage our reputation, divert management time and attention and
adversely affect our business.
The federal Medicare/Medicaid anti-kickback law prohibits
payments intended to induce any entity either to purchase,
order, or arrange for or recommend the purchase of healthcare
products or services paid for under federal health care
programs. There are similar laws in a number of states. These
laws constrain the sales, marketing and other promotional
activities of manufacturers of drugs and biologics, such as us,
by limiting the kinds of financial arrangements, including sales
programs, with hospitals, physicians, and other potential
purchasers of drugs and biologics. Other federal and state laws
generally prohibit individuals or entities from knowingly
presenting, or causing to be presented, claims for payment from
federal health care programs, including Medicare, Medicaid, or
other third party payors that are false or fraudulent, or are
for items or services that were not provided as claimed.
Anti-kickback and false claims laws prescribe civil and criminal
penalties for noncompliance that can be substantial, including
the possibility of exclusion from federal healthcare programs
(including Medicare and Medicaid).
This excerpt taken from the BIIB 10-K filed Feb 14, 2008. If we
fail to comply with the extensive legal and regulatory
requirements affecting the healthcare industry, we could face
increased costs, penalties and a loss of business
Our activities, including the sale and marketing of our
products, are subject to extensive government regulation and
oversight both in the U.S. and in foreign jurisdictions.
Pharmaceutical and biotechnology companies have been the target
of lawsuits and investigations alleging violations of government
regulation, including claims asserting submission of incorrect
pricing information, impermissible off-label promotion of
pharmaceutical products, causing false claims to be submitted
for government reimbursement as well as antitrust violations, or
other violations related to environmental matters. Violations of
governmental regulation may be punishable by criminal and civil
sanctions, including fines and civil monetary penalties and
exclusion from participation in government programs. In addition
to penalties for violation of laws and regulations, we could be
required to repay amounts we received from government payors, or
pay additional rebates and interest if we are found to have
miscalculated the pricing information we have submitted to the
government Whether or not we have complied with the law, an
investigation into alleged unlawful conduct could increase our
expenses, damage our reputation, divert management time and
attention and adversely affect our business.
The federal Medicare/Medicaid anti-kickback law prohibits
payments intended to induce any entity either to purchase,
order, or arrange for or recommend the purchase of healthcare
products or services paid for under federal health care
programs. There are similar laws in a number of states. These
laws constrain the sales, marketing and other promotional
activities of manufacturers of drugs and biologics, such as us,
by limiting the kinds of financial arrangements, including sales
programs, with hospitals, physicians, and other potential
purchasers of drugs and biologics. Other federal and state laws
generally prohibit individuals or entities from knowingly
presenting, or causing to be presented, claims for payment from
federal health care programs, including Medicare, Medicaid, or
other third party payors that are false or fraudulent, or are
for items or services that were not provided as claimed.
Anti-kickback and false claims laws prescribe civil and criminal
penalties for noncompliance that can be substantial, including
the possibility of exclusion from federal healthcare programs
(including Medicare and Medicaid).
This excerpt taken from the BIIB 10-Q filed Oct 23, 2007. If we
fail to comply with the extensive legal and regulatory
requirements affecting the healthcare industry, we could face
increased costs, penalties and a loss of business
Our activities, including the sale and marketing of our
products, are subject to extensive government regulation and
oversight, including regulation under the U.S. Food, Drug
and Cosmetic Act and other federal and state statutes and
similar laws in foreign jurisdictions. Pharmaceutical and
biotechnology companies have been the target of lawsuits and
investigations alleging violations of government regulation,
including claims asserting antitrust violations and violations
of the Prescription Drug Marketing Act, or other violations
related to environmental matters. Violations of governmental
regulation may be punishable by criminal and civil sanctions,
including fines and civil monetary penalties and exclusion from
participation in government programs. Whether or not we have
complied with the law, an investigation into alleged unlawful
conduct could
Table of Contents
increase our expenses, damage our reputation, divert management
time and attention and adversely affect our business.
The Medicare/Medicaid anti-kickback law, and several similar
state laws, prohibit payments intended to induce physicians or
others either to purchase or arrange for or recommend the
purchase of healthcare products or services. These laws
constrain the sales, marketing and other promotional activities
of manufacturers of drugs and biologicals, such as us, by
limiting the kinds of financial arrangements, including sales
programs, with hospitals, physicians, and other potential
purchasers of drugs and biologicals. Other federal and state
laws generally prohibit individuals or entities from knowingly
presenting, or causing to be presented, claims for payment from
Medicare, Medicaid, or other third party payors that are false
or fraudulent, or are for items or services that were not
provided as claimed. Anti-kickback and false claims laws
prescribe civil and criminal penalties for noncompliance that
can be substantial, including the possibility of exclusion from
federal healthcare programs (including Medicare and Medicaid).
This excerpt taken from the BIIB 10-Q filed Jul 24, 2007. If we
fail to comply with the extensive legal and regulatory
requirements affecting the healthcare industry, we could face
increased costs, penalties and a loss of business
Our activities, including the sale and marketing of our
products, are subject to extensive government regulation and
oversight, including regulation under the U.S. Food, Drug
and Cosmetic Act and other federal and state statutes and
similar laws in foreign jurisdictions. Pharmaceutical and
biotechnology companies have been the target of lawsuits and
investigations alleging violations of government regulation,
including claims asserting antitrust violations and violations
of the Prescription Drug Marketing Act, or other violations
related to environmental matters. Violations of governmental
regulation may be punishable by criminal and civil sanctions,
including fines and civil monetary penalties and exclusion from
participation in government programs. Whether or not we have
complied with the law, an investigation into alleged unlawful
conduct could increase our expenses, damage our reputation,
divert management time and attention and adversely affect our
business.
The Medicare/Medicaid anti-kickback law, and several similar
state laws, prohibit payments intended to induce physicians or
others either to purchase or arrange for or recommend the
purchase of healthcare products or services. These laws
constrain the sales, marketing and other promotional activities
of manufacturers of drugs and biologicals, such as us, by
limiting the kinds of financial arrangements, including sales
programs, with hospitals, physicians, and other potential
purchasers of drugs and biologicals. Other federal and state
laws generally prohibit individuals or entities from knowingly
presenting, or causing to be presented, claims for payment from
Medicare, Medicaid, or other third party payors that are false
or fraudulent, or are for items or services that were not
provided as claimed. Anti-kickback and false claims laws
prescribe civil and criminal penalties for noncompliance that
can be substantial, including the possibility of exclusion from
federal healthcare programs (including Medicare and Medicaid).
This excerpt taken from the BIIB 10-Q filed May 3, 2007. If we
fail to comply with the extensive legal and regulatory
requirements affecting the healthcare industry, we could face
increased costs, penalties and a loss of business
Our activities, including the sale and marketing of our
products, are subject to extensive government regulation and
oversight, including regulation under the U.S. Food, Drug
and Cosmetic Act and other federal and state statutes and
similar laws in foreign jurisdictions. Pharmaceutical and
biotechnology companies have been the target of lawsuits and
investigations alleging violations of government regulation,
including claims asserting antitrust violations and violations
of the Prescription Drug Marketing Act, or other violations
related to environmental matters. Violations of governmental
regulation may be punishable by criminal and civil sanctions,
including fines and civil monetary penalties and exclusion from
participation in government programs. Whether or not we have
complied with the law, an investigation into alleged unlawful
conduct could
Table of Contents
increase our expenses, damage our reputation, divert management
time and attention and adversely affect our business.
The Medicare/Medicaid anti-kickback law, and several similar
state laws, prohibit payments intended to induce physicians or
others either to purchase or arrange for or recommend the
purchase of healthcare products or services. These laws
constrain the sales, marketing and other promotional activities
of manufacturers of drugs and biologicals, such as us, by
limiting the kinds of financial arrangements, including sales
programs, with hospitals, physicians, and other potential
purchasers of drugs and biologicals. Other federal and state
laws generally prohibit individuals or entities from knowingly
presenting, or causing to be presented, claims for payment from
Medicare, Medicaid, or other third party payors that are false
or fraudulent, or are for items or services that were not
provided as claimed. Anti-kickback and false claims laws
prescribe civil and criminal penalties for noncompliance that
can be substantial, including the possibility of exclusion from
federal healthcare programs (including Medicare and Medicaid).
This excerpt taken from the BIIB 10-K filed Feb 21, 2007. If we
fail to comply with the extensive legal and regulatory
requirements affecting the healthcare industry, we could face
increased costs, penalties and a loss of business
Our activities, including the sale and marketing of our
products, are subject to extensive government regulation and
oversight, including regulation under the U.S. Food, Drug
and Cosmetic Act and other federal and state statutes and
similar laws in foreign jurisdictions. Pharmaceutical and
biotechnology companies have been the target of lawsuits and
investigations alleging violations of government regulation,
including claims asserting antitrust violations and violations
of the Prescription Drug Marketing Act, or other violations
related to environmental matters. Violations of governmental
regulation may be punishable by criminal and civil sanctions,
including fines and civil monetary penalties and exclusion from
participation in government programs. Whether or not we have
complied with the law, an investigation into alleged unlawful
conduct could increase our expenses, damage our reputation,
divert management time and attention and adversely affect our
business.
The Medicare/Medicaid anti-kickback law, and several similar
state laws, prohibit payments intended to induce physicians or
others either to purchase or arrange for or recommend the
purchase of healthcare products or services. These laws
constrain the sales, marketing and other promotional activities
of manufacturers of drugs and biologicals, such as us, by
limiting the kinds of financial arrangements, including sales
programs, with hospitals, physicians, and other potential
purchasers of drugs and biologicals. Other federal and state
laws generally prohibit individuals or entities from knowingly
presenting, or causing to be presented, claims for payment from
Medicare, Medicaid, or other third party payors that are false
or fraudulent, or are for items or services that were not
provided as claimed. Anti-kickback and false claims laws
prescribe civil and criminal penalties for noncompliance that
can be substantial, including the possibility of exclusion from
federal healthcare programs (including Medicare and Medicaid).
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