About
Important information
- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:USDOJ and Biotek reMedys
BioTek reMEDys Inc. (BioTek), located in New Castle, Delaware, and its chief executive officer, Chaitanya Gadde, have agreed collectively to pay $20 million based on their ability to pay to resolve allegations that they violated the False Claims Act by paying kickbacks to patients and physicians to protect its revenue stream.
The government alleged that, from at least August 2015 through May 2020, BioTek, a specialty pharmacy that offers drugs and infusion services, routinely waived the copayments of Medicare and TRICARE patients to induce those patients to purchase its drugs and services. Many of the specialty drugs offered by BioTek were expensive and required patients to pay large copays. The government alleged that BioTek sought to avoid deterring patients from purchasing its drugs and services by engaging in a scheme, orchestrated and implemented by Gadde and others, to routinely waive these large copays, without regard for whether the patients were experiencing financial hardship.
The settlement also resolves allegations that BioTek provided remuneration in the form of gifts, dinners and free administrative and clinical support services to physiciansThe civil settlement includes the resolution of claims brought under the qui tam or whistleblower provisions of the False Claims Act by former employees. The qui tam case is captioned United States of America ex rel. Wyatt et al. v. BioTek reMEDys, Inc., No. 19-6069 (EDPA).
The claims asserted by the United States are allegations only and there has been no determination of liability.
Business Details
- Local BBB:
- BBB Serving Delaware
- BBB File Opened:
- 9/3/2019
- Business Started:
- 1/1/2013
- Business Management:
- Mr. Chaitanya Gadde, Partner
Additional Contact Information
- Principal Contacts
- Mr. Chaitanya Gadde, Partner
- Customer Contacts
- Mr. Chaitanya Gadde, Partner
- Additional Phone Numbers
- Other Phone: (302) 544-5138
Additional Information
- Referral Assistance
- Delaware Division of Professional Regulation
Cannon Building, Suite 203
Dover DE 19903
Phone Number: (302) 744-4500
https://dpr.delaware.gov/
customerservice.dpr@delaware.gov - Business Categories
- Pharmacy
More Resources
Featured Content
BBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.