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The ISM’s new orders sub-index increased to a reading of 57.4 last month from 55.5 in February personalised initial cufflinks. But a measure of export orders fell, likely reflecting softening global economic growth. Factories reported hiring more workers last month, with a measure of manufacturing employment racing to a reading of 57.5 from 52.3 in February. That bodes well for a rebound in job growth in March after hiring almost stalled in February. March’s employment report is scheduled for release on Friday. “Overall we think that things are stabilizing following the earlier deterioration rather than intensifying,” said Daniel Silver, an economist at JPMorgan in New York..
NEW YORK (Reuters) – Novartis AG must face a U.S. government lawsuit accusing it of paying millions of dollars in kickbacks to doctors so they would prescribe its drugs, after a federal judge ruled in a decision released on Monday that the government had offered evidence of a “company-wide kickback scheme.” personalised initial cufflinks. U.S. District Judge Paul Gardephe in Manhattan also rejected the Swiss drugmaker’s bid to keep key government evidence out of the case, and ruled that the government does not have to prove a direct “quid pro quo” agreement between Novartis and doctors for the company to be liable..
The ruling means that, unless Novartis settles, the case is headed for trial. “We are disappointed in today’s decision and look forward to presenting our case at trial,” Novartis spokesman Eric Althoff said in an email. “We continue to believe that the government has insufficient evidence to support its claims.” personalised initial cufflinks. The case began in 2011 as a whistleblower lawsuit filed by Oswald Bilotta, a former Novartis sales representative. Such lawsuits, brought under the federal False Claims Act, allow individuals to sue on behalf of the government, which may choose to intervene..
The U.S. government and the state of New York both intervened in the case in 2013, accusing Novartis of paying doctors kickbacks so they would prescribe several of its drugs, including hypertension drugs Lotrel and Valturna and diabetes drug Starlix. Those kickbacks included speaking fees for doctors at “sham” educational events, the lawsuit said, with one doctor being paid to speak at his own office eight times. The company also treated doctors to lavish meals, including a $9,750 dinner for three at a Japanese restaurant, according to the lawsuit personalised initial cufflinks.
Government health insurance programs Medicare and Medicaid were billed millions of dollars from 2002 to 2011 for drugs prescribed by doctors who took kickbacks, the lawsuit said, violating the False Claims Act. The government is seeking damages of three times what it was billed for allegedly fraudulent claims. Novartis has previously settled U.S personalised initial cufflinks. allegations that it used illegal methods to promote its medicines. In 2010, it agreed to pay $422 million to settle various civil and criminal allegations, including claims of paying kickbacks to doctors. Novartis pleaded guilty to mislabeling one drug as part of that settlement, but otherwise did not admit wrongdoing..