Pharmacy behind national outbreak to pay $100M

  • The New England Compounding Center linked to the national meningitis outbreak last year is now required to create a victim compensation fund for $100M. 

    The Massachusetts-based pharmacy has already declared bankruptcy and given up its license in the middle of lawsuits due to the outbreak.

    The owners of the company have announced that despite creating the compensation fund, it doesn't take responsibility for any wrongdoing. Moreover, a federal investigation, which has been ongoing for over a year, hasn't yet produced criminal charges. 

    Victims will have time until Jan. 15 to be able to file for compensation. "We are pleased that a significant amount of funds will become available for distribution to victims and their families as compensation for the deaths, injuries and suffering they endured as a result of this tragic meningitis outbreak," a trustee of the company said. 

    Tagged as: national meningitis outbreak, meningitis, massachusetts pharmacy, business news