With the world facing the biggest pandemic of all times, the COVID-19 outbreak, a lot of scams related to the COVID drug industry have been in the making. First Option Recovery gives you a thorough insight about the types of pharmaceutical scams that have been happening in the industry as of now and also details you about the information of how to keep yourself updated when it comes to such pharmaceutical scams.
Before diving into the subject, you should know what First Option Recovery deals with. The firm is a fund recovery group that deals with all kinds of recoveries be it crypto, forex, binary online casinos or pharmaceutical scams. We have recovered over $19 million from over 3100+ cases and served over 2000+ clients who are really happy with our approach. The team has a well sought out team of over 128+ attorneys who are always there to guide you and bring your money back no matter how far they have to go.
Unfortunately, a lot of you people who are reading this article right now don’t know that pharmaceutical scams have been quite rampant in the industry right now and the Coronavirus outbreak just seems to be another way of ripping you off your money. A lot of these activities involve fake claims issued to insurance customers and other medical programs across the country to benefit these pharmaceutical companies in the long run. Major companies like GlaxoSmithKline and Pfizer have already been such victims of the trade. Let’s look at some of the most common pharmaceutical scams that have been rampant across the industry.
Failing to Comply with CGMP requirements
If you don’t know then please note that all drug manufacturers have to make medicines based on guidelines set up by the FDA under the Current Good Manufacturing Practice (CGMP) regulations. The above regulations always need to be followed to ensure the quality of the drugs. Such quality checks protect an average consumer from taking in the wrong medicines and its violation of the quality norms might lead to the violation of the False Claims Act.
We at First Option Recovery always comply with all the rules and regulations of the highest governing financial body of the United States. We have a detailed structure laid out that enables us to be at the top of our game in the fund recovery process, however such is not the case with these pharmaceutical companies.
Failure to comply with the act might mean that the company is not taking the quality norms seriously, where they use wrong types of equipment and mixture ratios to produce drugs and then sell them. A lot of such pharmaceutical scams have been unearthed owing to the whistleblowers and a big thanks to them otherwise, it would have been quite difficult to unearth such a scam.
We all know that the drug industry works in favor of the doctors, where we believe in getting the exact medicine that the doctor prescribes us. Little do we know that there are huge pharmaceutical scams that is happening behind the scenes which only a few know about. The drugs that are prescribed by the doctors are a result of the extravagant commissions that they receive on a regular basis from the pharmaceutical companies. Sadly, this is unlawful in the medical field where the doctors charge huge consulting fees, go on exotic vacations and afford all the lavish lifestyles all at the expense of the health of an average patient. Also, it is sometimes seen that certain companies create drugs using banned substances and in order to keep it a secret, often they end up bribing the individuals who decide to bring up such unlawful practices in public.
Thankfully, there are certain people whom money can’t buy, and they act as whistleblowers to expose such nuisances of the industry.
Coming to kickbacks, do know that our team at First Option Recovery is highly discouraged in providing unlawful kickbacks to its employees. We hire our employees after detailed scrutiny and make sure they get proper compensation for their service provided. Hence, kickbacks are simply out of question.
Off Label Marketing
The greatest marketing that you can do is investing your time and hard work into providing quality service to your customers, the exact thing that First Option Recovery specializes in. We have a great team of lawyers, banking advisors and attorneys who make sure that you are provided with the best services without any fake label marketing or indulging oneself in any off-label marketing.
A lot of companies promote their drugs for use as safe and effective, in spite of the violation of the regulation norms set up by the Food and Drug Corporation Act. They promote drug use at doses above the required scale and also end up prescribing the wrong drugs for a particular disease. This is a clear cut example of pharmaceutical scams being committed. For example, a drug might be there that should be promoted as an antidepressant but is instead being promoted as a vaccine for young children to fight deadly diseases such as whooping cough or measles. Risking other people’s health for a profit has become quite the norm nowadays for these companies.
Clinical Drug Trials Manipulation
Before any drug comes to the market, it needs to be approved by the Food and Drug Administration which goes through a set of processes to ensure the safety and effectiveness of the drug. Clinical testing of the drugs is done in an accurate manner which is then submitted in the New Drug Application’s form. Often, the pharmaceutical scams are made by companies who provide false data to the FDA by not disclosing relevant information that would put the safety of these drugs in jeopardy. Also, some of them even pay drug researchers a lot of money in order to falsify the clinical trial data. Such a shameful act, putting other innocent people’s lives in danger.
Who are we and what do we do?
The point of writing such an article was to make you aware of the various pharmaceutical scams that are rampant across the industry, be it the finance industry or the pharmaceutical industry. These scams seem to be increasing on a daily basis and a lot of people think that there is no solution to pharmaceutical scams at all. Let us assure you that there is.
The name of the solution is First Option Recovery, a fund recovery group that is dedicated to recovering your funds, no matter how you lost them ( be it a casino scam, binary scam or pharmaceutical scams. We are humans and we make mistakes and First Option Recovery fully believes in it. Our No-Win No-Fee guarantee makes sure that your funds reach you before we take our due credit for such a herculean task.