Want to know what's happening next in healthcare?

MedCityNews is the leading online news source for the business of innovation in healthcare.


“I read MedCity because it captures the pulse of what's going on in healthcare innovation, a go to source. I also like how MedCity supports women in digital health.”

Dr. Charlene Ngamwajasat, @doctorcharlene, Physician and techie


Sign up for our daily newsletter


Meningitis-linked pharmacy owners got millions: court papers

5:20 pm by | 0 Comments

pharmacist

BOSTON (Reuters) – The owners of the pharmacy linked to a deadly U.S. meningitis outbreak received at least $16 million in salaries and shareholders distributions in 2012, according to papers filed in U.S. Bankruptcy Court.

New England Compounding Center owner Carla Conigliaro, the largest shareholder in the privately held company, received nearly $9 million in 2012, according to court papers. Barry Cadden, NECC’s chief pharmacist, received about $3.2 million in 2012, filings show.

The filings also showed that NECC, based in Framingham, Massachusetts, also made lease payments for BMW and Mercedes Benz automobiles.

NECC filed for bankruptcy protection last month after U.S. authorities shut down its pharmacy operations amid a meningitis outbreak that has killed 44 people and sickened 678 others, according to the U.S. Centers for Disease Control.

Advertisement

NECC shipped thousands of vials of a fungus-tainted steroid to medical facilities throughout the United States, according to authorities.

(Reporting by Tim McLaughlin; Editing by Lisa Von Ahn)

photo courtesy of flickr user Army Medicine

Copyright 2014 MedCity News. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
0 comments