Pharmaceutical Industry Whistleblower Lawyer
With help from a pharmaceutical industry whistleblower lawyer, you can help keep the industry safe for investors and get rewarded at the same time.
The pharmaceutical industry is easily one of the most profitable within the United States. Unfortunately, due to the unique nature of this industry, corporate misconduct is widespread, and much of it can put investors at risk.
When this type of fraud occurs, it becomes of interest to the Securities and Exchange Commission (SEC), and a potential whistleblower with knowledge of such misconduct potentially stands to receive a substantial monetary reward.
If you’re an industry insider—or an outsider with knowledge of fraud—a pharmaceutical industry whistleblower lawyer from Meissner Associates can help you determine if your tip is likely to result in a reward and what your next step should be.
What Kind of Pharmaceutical Industry Fraud Is the SEC Interested In?
Because most of the products made by the pharmaceutical industry (over-the-counter and prescription drugs) are regulated and approved by the federal Food and Drug Administration (FDA), it creates a situation where the potential for fraud is rampant.
While drug companies are required to submit all test data and relevant information when applying for FDA approval on a new medication, they are known to sometimes omit negative data to increase the odds of an approval. This can result in a dangerous drug making it to market, which in turn results in injured patients—who then sue the drug company for damages.
This, in turn, hurts the investors of the drug company, who can only watch as the stock price plummets. By failing to disclose all of the information to the FDA, the pharmaceutical company has also withheld material information from investors, which makes the inadequate disclosure of interest to the SEC.
Who Can Become an SEC Pharmaceutical Whistleblower?
While the scientists, chemists, and mathematicians who worked on the drug are probably the most likely to possess knowledge of information that was withheld from the FDA, virtually anyone can blow the whistle and alert the SEC—as long as the information is original.
This means that other pharmaceutical company insiders can submit a claim, as can outsiders who have somehow come to possess relevant information, whether through independent analysis or from receiving leaked information.
If the SEC does act on the tip you submit with help from a pharmaceutical company whistleblower lawyer, you’ll receive a financial reward as long as the SEC recovers more than $1,000,000 in sanctions. The portion that you receive can vary, but it will be somewhere between 10 and 30 percent of the total recovered, depending on a number of factors.
Contact a Drug Company Whistleblower Lawyer
If a pharmaceutical company has failed to disclose information that might eventually hurt its investors, the SEC needs to know about it. Whether you’re a company scientist or an outsider, you can be rewarded for doing the right thing—and Meissner Associates can help.
We know SEC whistleblower law: Our founder helped write the rules and regulations that protect and reward whistleblowers. Submit your tip for a free and confidential evaluation performed by a pharmaceutical industry whistleblower lawyer. Just complete the form below or call 1-866-764-3100 today.