Pharmacetical fraud is a term to describe several illegal activities involving the manufacturing, marketing, and distribution of pharmaceuticals.
For example, Pharma Fraud refers to:
Trade involving counterfeit drugs: the practice of falsely claiming to be an authorized product of another firm, including but not limited to the use of another firm's mark to deceive the public.
Deliberately manufacturing and marketing products that do not contain the required active ingredients or not contain the right amount of active ingredient.
Packaging and labeling of drugs that make false claims regarding medical properties, including but not limited to the active medical ingredients, the date of expiration of products, or the methods of storage.
Marketing of products using false claims regarding the efficacy of the product which will lead to the irrational useof medicines or deliberately failing to provide information about safety concerns of the product.
Deliberate suppression of data, including evidence from clinical trials, that reveal adverse effects of the medicine.
The losses for state and federal governments can be in the billions of dollars and taxpayers will foot the bill. If you know of anyone committing this type of fraud against a New York State or the Federal government, contact us at our hotline at 917-519-8417 for a confidential consultation and let us put our experience to work for you.
