U.S. Attorney to Charge Two Valeant, Philidor Executives, Alleging ‘Fraud and Kickback Scheme’ $VRX

Federal prosecutors on Thursday said they would charge former Valeant Pharmaceuticals International Inc. executive Gary Tanner and former Philidor Rx Services LLC Chief Executive Andrew Davenport, alleging they engaged in a multimillion-dollar fraud and kickback scheme.

Federal prosecutors since August have been investigating whether the Canadian pharmaceutical defrauded insurers by shrouding its ties to a mail-order pharmacy that boosted sales of its drugs.