, Dec. 19, 2012
/PRNewswire/ -- Sanofi US announced today that it has entered into a settlement agreement with the U.S. Attorney's Office, District of Massachusetts
, the United States Department of Justice and multiple states to resolve all claims arising out of an investigation into sampling of Sanofi's former viscosupplement product, Hyalgan.
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As part of the settlement, Sanofi US will pay $109 Million to the settling parties and expects to enter into a Corporate Integrity Agreement with the Office of the Inspector General of the United States Department of Health and Human Services. There are no criminal charges against the Company in connection with this matter.
Before the government initiated the investigation that led to this settlement, Sanofi identified concerns with Hyalgan sampling through the operation of its compliance program and immediately took strong, proactive and effective steps to address these issues and voluntarily stopped sampling Hyalgan in 2009. This matter has been resolved within existing financial reserves.
Sanofi cooperated fully with the U.S. Government's review of this matter and is pleased to have reached a resolution. Sanofi is committed to conducting business with the highest standards of integrity and takes very seriously its obligation to do so.
Sanofi, a global and diversified healthcare leader, discovers, develops and distributes therapeutic solutions focused on patients' needs. Sanofi has core strengths in the field of healthcare with seven growth platforms: diabetes solutions, human vaccines, innovative drugs, rare diseases, consumer healthcare, emerging markets and animal health. Sanofi is listed in Paris (EURONEXT: SAN) and in New York (NYSE: SNY).
Sanofi is the holding company of a consolidated group of subsidiaries and operates in the United States as Sanofi US. For more information on Sanofi US, please visit http://www.sanofi.us or call
Forward Looking Statements
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