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Shire to pay $350mln to settle kickback allegations

Wednesday, January 11, 2017 13:45
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US federal and state officials said that Shire Pharmaceuticals (LON:SHP, NASDAQ:SHPG) will pay $350m to settle allegations that it used “kickbacks and other unlawful methods” to induce doctors to use a product aimed at treating foot ulcers.

Shire had already announced in August last year that it would settle for the amount during publication of its second-quarter results.

Shire’s ADRs were down 4.4% to $169.50 on Wall Street on Wednesday.

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