Mississippi Business Journal » pharmaceuticals

Physician pleads guilty to writing fake prescriptions; to repay $1.6M

Associated Press — Fri, 15 Jun 2012 15:39:32 +0000

NATCHEZ — A Mississippi physician who wrote fake prescriptions that helped defraud Medicare of more than $5 million lost her medical license and has been ordered in Baton Rouge, La., federal court to repay the insurer $1.6 million. Dr. Jo A. Francis, of Natchez, pleaded guilty to two counts of conspiracy to commit health care [...]

The post Physician pleads guilty to writing fake prescriptions; to repay $1.6M appeared first on Mississippi Business Journal.

Associate director at VA hospital arrested for prescription drug fraud

Associated Press — Mon, 28 May 2012 16:11:06 +0000

JACKSON — An associate director at a Veterans Affairs hospital in Mississippi has been arrested and charged with prescription fraud as part of an ongoing investigation, authorities said Thursday. Dorothy White-Taylor, 59, the associate director of patient care services at the G.V. (Sonny) Montgomery VA Medical Center in Jackson, was arrested Tuesday and released on [...]

The post Associate director at VA hospital arrested for prescription drug fraud appeared first on Mississippi Business Journal.

Pharmaceutical company settles civil allegations for $2.8M

Associated Press — Thu, 29 Mar 2012 14:58:11 +0000

MADISON — A Mississippi-based pharmaceutical company has agreed to pay $2.8 million to resolve civil allegations that the manufacturer falsely marketed skin products to receive government funding. U.S. Attorney John M. Bales said yesterday Cypress Pharmaceutical Inc., a subsidiary and CEO Max Draughn will pay $1.6 million to the military’s TRICARE program and $1.2 million [...]

The post Pharmaceutical company settles civil allegations for $2.8M appeared first on Mississippi Business Journal.

Hood preparing fight to keep $17M from settlement

Associated Press — Thu, 19 Jan 2012 13:59:56 +0000

JACKSON — Attorney General Jim Hood has asked the federal government to give him until Jan. 30 to file documents supporting Mississippi’s effort to keep $17 million from a settlement with pharmaceutical companies accused of inflating wholesale prices. Alper Ozinal, spokesman for the federal Centers for Medicare and Medicaid Services, tells the Clarion-Ledger the agency [...]

The post Hood preparing fight to keep $17M from settlement appeared first on Mississippi Business Journal.

Ex-surgeon gets jail time for writing illegal prescriptions

Associated Press — Mon, 09 Jan 2012 21:15:22 +0000

GULFPORT — A former Gulf Coast surgeon has been sentenced to more than 11 years in prison for writing and selling illegal prescriptions. In addition to the 135-month prison term, 43-year-old Je Song also was fined $10,000 by U.S. District Judge Sul Ozerden in Gulfport. The Sun Herald said a co-defendant — 41-year-old Oliver “Butch” [...]

The post Ex-surgeon gets jail time for writing illegal prescriptions appeared first on Mississippi Business Journal.

Pharmaceutical companies pay state in fraud case

MBJ Staff — Tue, 25 Oct 2011 12:56:13 +0000

JACKSON — The Mississippi Attorney General’s Office says it has recovered $6 million from three pharmaceutical companies that misreported the price of prescription drugs for Medicaid patients. In a statement, Attorney General Jim Hood says agreements were reached with Par Pharmaceutical Inc. and Alpharma USPD Inc. and Purepac Pharmaceutical Co., now known as Actavis MidAtlantic, [...]

The post Pharmaceutical companies pay state in fraud case appeared first on Mississippi Business Journal.

Ex-doctor expected to plead guilty to drug-dealing

Associated Press — Thu, 20 Oct 2011 13:18:22 +0000

SAUCIER — A former Mississippi doctor and another man are scheduled to plead guilty today to selling prescriptions for pain pills and anxiety drugs to people without a legitimate medical exam. Authorities said Je Song, a former Stone County doctor, wrote prescriptions that ended up in the hands of people he never examined, and in [...]

The post Ex-doctor expected to plead guilty to drug-dealing appeared first on Mississippi Business Journal.

Pharmacy’s growth makes Inc. 5000 ranking

MBJ Staff — Fri, 16 Sep 2011 16:35:47 +0000

JACKSON — Transcript Pharmacy has landed on the Inc. 5000 list of the fastest-growing privately owned businesses in America for the fourth year in a row. It ranked 116 in the health industry. “We are blessed to be trusted by so many healthcare professionals and so many patients who, month after month, give us the [...]

The post Pharmacy’s growth makes Inc. 5000 ranking appeared first on Mississippi Business Journal.

Hawthorn Pharmaceuticals cuts global deal with CoPlex

MBJ Staff — Tue, 13 Sep 2011 17:36:57 +0000

MADISON — Hawthorn Pharmaceuticals Inc. has struck an exclusive global licensing deal with CoPlex Therapeutics on hawAD14, a preclinical oral small molecule candidate for the treatment of Alzheimer’s and other neurodegenerative diseases. Under the terms of the agreement, Hawthorn will receive an exclusive worldwide license to develop and commercialize hawAD14 and will be responsible for [...]

The post Hawthorn Pharmaceuticals cuts global deal with CoPlex appeared first on Mississippi Business Journal.

State wins drug-pricing lawsuit against Sandoz

Associated Press — Wed, 07 Sep 2011 12:51:33 +0000

JACKSON — Mississippi Attorney General Jim Hood says the state has been awarded $38.2 million in a Medicaid drug-pricing lawsuit. Hood says a judge found that a pharmaceutical company, Sandoz Inc., inflated the average wholesale prices for its generic drugs. In a news release yesterday, Hood says the inflated number caused Mississippi Medicaid to lose [...]

The post State wins drug-pricing lawsuit against Sandoz appeared first on Mississippi Business Journal.