With the world facing the biggest pandemic of all time, the COVID-19 outbreak, many scams related to the COVID drug industry have been in the making.
First Option Recovery gives you a thorough insight into the types of pharmaceutical scams that have been happening in the industry and details you the information on how to keep yourself updated when it comes to such pharmaceutical scams.
Before diving into the subject, you should know what First Option Recovery does. The firm is a fund recovery group that deals with all kinds of recoveries, be it crypto, forex, online casinos, or pharmaceutical scams.
We have recovered over $19 million from over 3100+ cases and served over 2000+ clients who are 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, many of you people reading this article right now don’t know that pharmaceutical scams have been quite rampant in the industry right now, and the Coronavirus outbreak seems to be another way of ripping you off your money.
Many of these activities involve fake claims issued to insurance customers and other medical programs to benefit these pharmaceutical companies in the long run. Major companies like GlaxoSmithKline, Pfizer, and the Chugai pharmaceutical scam have already been such trade victims. Some of the major traits of pharmaceutical scams.
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 rules always need to be followed to ensure the drugs’ quality.
Such quality checks protect an average consumer from taking in the wrong medicines, and its violation of the quality norms might lead to a breach 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 the wrong types of equipment and mixture ratios to produce drugs and then sell them. Many pharmaceutical scams have unearthed due to whistleblowers, and a big thanks to them; otherwise, it would have been quite challenging to unearth such a fraud.
UNLAWFUL KICKBACKS – MAJOR CONCERN FOR MANY PHARMACEUTICAL SCAMS
We all know that the drug industry favors the doctors, where we believe in getting the exact medicine that the doctor prescribes us. Little do we know that substantial pharmaceutical scams are happening behind the scenes, which only a few know!
The doctors prescribe drugs due to the extravagant commissions they regularly receive from the pharmaceutical companies. Sadly, this is unlawful in the medical field. The doctors charge substantial consulting fees, go on exotic vacations, and afford all the lavish lifestyles, all at the expense of an average patient’s health. Also, certain companies create drugs using banned substances.
To keep it a secret, they often 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. After detailed scrutiny, we hire our employees and ensure they get proper compensation for their service delivered. Hence, kickbacks are simply out of the 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 is specialization First Option Recovery. We have a great team of lawyers, banking advisors, and attorneys who ensure that you get the best services without any fake label marketing or indulging yourself in any off-label marketing.
Many companies promote their drugs for use as safe and effective, despite 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 prescribe the wrong drugs for a particular disease. It is a clear-cut example of pharmaceutical scams.
For example, the drug might be there that should promote as an antidepressant, but the promotion takes place 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 drugs enter 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. The drugs’ clinical testing should be accurate, and then submitted in the New Drug Application’s form.
Often, pharmaceutical scams take place by companies who provide false data to the FDA by not disclosing relevant information that would put the safety of these drugs in jeopardy. Some of them even pay drug researchers a lot of money to falsify the clinical trial data. Such a shameful act, putting other innocent people’s lives in danger.
WHAT SHOULD YOU DO IF YOU HAVE BEEN A VICTIM OF ANY PHARMACEUTICAL SCAMS?
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 daily, and many people think there is no solution to pharmaceutical fraud at all. Let us assure you that there is.
The solution’s name is First Option Recovery, a fund recovery group dedicated to recovering your funds, no matter how you lost them (be it a casino scam, binary scam, or pharmaceutical scams)S. We are humans, 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.