Miami pharma exec, a big Republican donor, agrees to pay up to $50 million to settle Medicaid civil fraud charges



Nostrum Laboratories' carton label on its "Nitro OS" antibacterial medicine. The Justice Department says that Nostrum and CEO Nirmal Mulye have agreed to pay millions to settle civil claims they knowingly underpaid required Medicaid rebates.

By Dan Christensen, FloridaBulldog.org

A Miami businessman who once justified his decision to quadruple the price of a liquid antibiotic his company sold – to more than $2,300 a bottle – by asserting a “moral requirement to sell the product at the highest price” has agreed to pay up to $50 million to settle federal Medicaid civil fraud charges.

How much Nirmal Mulye and his company, Nostrum Laboratories, ultimately will have to pay will be based on their financial condition, federal fraud prosecutors said. The minimum amount they owe in the settlement, however, is $3.825 million.


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Miami pharma exec, a big Republican donor, agrees to pay up to $50 million to settle Medicaid civil fraud charges
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Florida Supreme Court debate about Marsy's Law and victims’ privacy reflects fiery politics of law enforcement
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State ethics commissioner Figgers, a DeSantis favorite, snags million dollar contract from Central Florida tourism district run by ex-colleague
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SEC accuses financial empire of Florida Panthers owners Viola, Cifu of fraud
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FDLE delays trial that could cost Broward Sheriff Tony his license to be a cop; special interests flood Tony's re-election PAC with huge donations
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