PR Newswire
BENSALEM, Pa., Dec. 6, 2024 /PRNewswire/ -- Law Offices of Howard G. Smith continues its investigation on behalf of Regeneron Pharmaceuticals, Inc. ("Regeneron" or the "Company") (NASDAQ: REGN) investors concerning the Company's possible violations of federal securities laws.
On April 10, 2024, the US Department of Justice ("DOJ") announced the United States had filed a complaint against Regeneron under the False Claims Act. That announcement stated the complaint "alleges that Regeneron fraudulently inflated Medicare reimbursement rates for Eylea by knowingly submitting false average sales price reports to the Centers for Medicare and Medicaid Services that excluded certain price concessions." According to that announcement, "[b]y doing so, Regeneron greatly inflated the costs of its drug to Medicare over many years and enhanced its revenues."
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