HDL, Singulex agree to pay $48.5 mn to settle unnecessary testing claims

April 12, 2015 8:50 PM

4 0

Two American cardiovascular disease testing laboratories Singulex Inc and Health Diagnostics Laboratory Inc (HDL) are going to pay USD 48.5 million in order to settle the claims that they had paid kickbacks and also conducted unnecessary testing, according to the US Department of Justice.

Singulex will pay USD 1.5 million and HDL will be paying USD 47 million for settling all the allegations raised against them. As part of the agreements, none of the two firms admitted liability.

Also read: Deutsche Bank Posts Unexpected Profit on Lower Overhaul Costs

Read more

To category page