trending Market Intelligence /marketintelligence/en/news-insights/trending/ck6f_nsvbuk24spyea6daw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Abbott-owned Alere to pay $33.2M to resolve federal probe

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Abbott-owned Alere to pay $33.2M to resolve federal probe

Abbott Laboratories unit Alere Inc. agreed to pay $33.2 million to resolve a federal investigation regarding the company's sale of allegedly faulty diagnostic devices for detecting drug abuse and heart disease.

The U.S. Department of Justice claimed that Alere induced submission of false claims by hospitals to federal healthcare programs by knowingly selling unreliable Triage point-of-care testing devices between 2006 and 2012.

The Waltham, Mass.-based company allegedly continued to sell the devices despite receiving customer complaints about erroneous results, which in turn adversely affected clinical decision-making.

The U.S. Food and Drug Administration issued a warning letter to the company in 2012 after inspecting its San Diego facility, which later prompted a nationwide product recall of its Triage devices.

Alere divested its Triage assets to Quidel Corp. in 2017 as part of a $680 million deal to gain antitrust approval for its acquisition by Abbott Laboratories.

The lawsuit was filed by a former Alere senior quality control analyst, Amanda Wu, under the whistleblower provision of the False Claims Act, which allows private parties to file a case on behalf of the government.

Under the settlement, Alere will pay about $28.4 million to the federal government out of which roughly $4.9 million will be returned to individual states, which jointly funded claims for Triage devices submitted to state Medicaid programs.

Wu will receive about $5.6 million as part of her share of the amount recovered by the government from the lawsuit.

The parties had reached an agreement in principle in September 2017 to settle the potential civil claims.