An Inland Empire pharmacist, Kyrollos Mekail, 36, of Moreno Valley, has been charged with health care fraud by the Justice Department. Mekail, the operator of Monte Vista Pharmacy in Montclair, is accused of submitting over $300 million in fraudulent Medi-Cal claims for prescriptions that were medically unnecessary and often not provided to patients. The prescriptions…
The median price of a newly launched drug in 2023 was $300,000 a year, up from $2,115 in 2008. A tangle of manufacturers, insurers, pharmacy benefit managers, wholesalers, and pharmacies wrestle over their share of the cost in negotiations that remain nearly invisible to the average patient, who pays more out-of-pocket for prescription drugs every…
(Bloomberg) — Rite Aid Corp. has been cleared to exit bankruptcy after winning court approval on a restructuring plan that’s poised to save the ailing pharmacy chain from liquidation by handing control of the business to key creditors. Judge Michael Kaplan said Friday he’d approve a restructuring deal that cuts about $2 billion in debt…
Key PointsOxyContin maker Purdue Pharmacy’s bankruptcy settlement has been blocked by the US Supreme Court.The settlement, in the billions of dollars, would have given legal protection to the family behind the company.The Sacklers have expressed regret that OxyContin “became part of an opioid crisis” in the US, but denied wronging.The US Supreme Court has blocked…
Two New York pharmacy owners have been sentenced in an $18M COVID-19 healthcare fraud and money laundering case. Peter Khaim, 44, and his brother Arkadiy Khaimov, 41, both of Forrest Hills, New York, were prosecuted by the Criminal Division’s Fraud Section’s Northeast Strike Forc…
Change Healthcare is formally notifying some of its pharmacy and hospital customers that their patients’ data was stolen from it by ransomware criminals back in February – and for the first time has concretely disclosed the types of information swiped during that IT intrusion. In a Thursday notice, the healthcare giant said it’s still “working…
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TORONTO — Neighbourly Pharmacy Inc. says it has acquired six pharmacies across Canada. Financial terms of the deals were not immediately available. The company says it has acquired five locations in Saskatchewan, Nova Scotia and British Columbia in separate transactions. The sixth deal is for another location in B.C. and is expected to close later…
Months into a new Biden administration policy intended to lower drug costs for Medicare patients, independent pharmacists say they’re struggling to afford to keep some prescription drugs in stock. “It would not matter if the governor himself walked in and said, ‘I need to get this prescription filled,’” said Clint Hopkins, a pharmacist and co-owner…
Dr. Kehinde Foluke Paul-Odeniran, a Newton International Fellow at the School of Pharmacy, University of Nottingham, United Kingdom, holds both a Bachelor’s and Master’s degree in Biochemistry from the University of Ibadan, and a Master’s and PhD in Pharmaceutical Chemistry from the University of KwaZulu-Natal, Durban, South Africa. The member of the Royal Society of…
