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Government Recovers $4 Billion from Health Care Fraud Cases

by Melly Alazraki on Jan.25, 2011, under Towing

HHS, Justice Recover $4 Billion from Health Care Fraud Cases

The government recouped a staggering $4 billion in fiscal 2010 that was stolen from federal health care programs, the departments of Justice and Health and Human Services announced Monday — the highest annual amount ever. More than half of the fraud money recovered came from drug companies.

Continue reading Government Recovers $4 Billion from Health Care Fraud Cases

Government Recovers $4 Billion from Health Care Fraud Cases originally appeared on DailyFinance on Tue, 25 Jan 2011 12:27:00.

Filed Under: Health Care, Novartis, Astrazeneca

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The Top 10 Health Care Stories of 2010

by Melly Alazraki on Dec.29, 2010, under Towing

The health-care reform bill, drug and food recalls, medical breakthroughs, layoffs and lawsuits helped make 2010 an exciting year for health care.

Led by the health insurance reform law, a flurry of drug and food recalls, key medical breakthroughs and plenty of layoffs and lawsuits, 2010 proved to be an exciting — if not always positive — year. Here’s our rundown of the biggest health care stories.

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The Top 10 Health Care Stories of 2010 originally appeared on DailyFinance on Wed, 29 Dec 2010 07:30:00.

Filed Under: Health Care, Genzyme Corporation , Johnson & Johnson, Pfizer, Sanofi Aventis, Merck, GlaxoSmithKline, Novartis, Abbott, Astrazeneca

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FDA Panel Backs Orexigen’s Diet Pill

by Melly Alazraki on Dec.07, 2010, under Towing

An FDA panel of reviewers has voted to recommend approval of Orexigen's weight-loss drug Contrave.

After the U.S. Food and Drug Administration rejected two other weight-loss pills earlier this year, an advisory panel has recommended the approval of Orexigen Therapeutics’s Contrave. If the FDA follows the recommendation, Contrave could become the first diet drug to win approval in a decade.

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FDA Panel Backs Orexigen’s Diet Pill originally appeared on DailyFinance on Tue, 07 Dec 2010 20:30:00.

Filed Under: Company News, Health Care, Stocks in the News

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Allergan Seeks Broader FDA Approval for Weight-Loss Implant

by Melly Alazraki on Dec.01, 2010, under Towing

Allergan hopes the FDA will approve its Lap-Band, a weight-loss implant, for use by less obese patients.

Allergan’s Lap-Band, a device implanted in the stomach to limit the amount of food that can be ingested, is already on the market to help the very obese lose weight. But now the company hopes to win approval for less obese patients to use the band.

Continue reading Allergan Seeks Broader FDA Approval for Weight-Loss Implant

Allergan Seeks Broader FDA Approval for Weight-Loss Implant originally appeared on DailyFinance on Wed, 01 Dec 2010 20:45:00.

Filed Under: Health Care