月別アーカイブ: 2013年8月

Targeted Medical Pharma Develops New Medical Food for Autism Spectrum Disorders

LOS ANGELES–(BUSINESS WIRE)–

Targeted
Medical Pharma, Inc
. (TRGM) today announced that the company
will begin a clinical trial on a new medical food indicated for the
dietary management of Autism and Autism Spectrum Disorders.

This open label trial will measure the changes in blood concentrations
of specific amino acids, behavior, mood, and sleep patterns over a
thirty day period following a twice daily oral administration of the
company’s new medical food. Subjects will be screened for enrollment
based on medical history and diagnosis of Autism or any Autism Spectrum
Disorders.

“Autism and Autistic Spectrum have long been recognized to be associated
with reduced absorption of amino acids and a decrease in several brain
neurotransmitters. With our targeted cellular technology platform, we
believe that this product may be able to increase the concentration of
the necessary amino acid precursors and brain neurotransmitters that are
diminished in patients with autism,” said David Silver, M.D., President
and Chief Operating Officer at Targeted Medical Pharma, Inc. “Our
company has established that treating an underlying nutritional
deficiency of a disease with a medical food can greatly reduce symptoms
and improve clinical outcomes.”

Autism and Autism Spectrum Disorders affect one percent of the
population of children in the U.S. ages three to seventeen, with an
estimated prevalence of one out of eighty eight births in the U.S. being
affected by the disease. The current pharmacologic treatments available
are ineffective at treating the disease and are often associated with
adverse side effects.

About Targeted Cellular Technology

Targeted cellular technology is a patented five-step process that is the
foundation for the company’s medical foods. This technology promotes the
rapid cellular uptake, conversion and release of neurotransmitter
precursors, prevents attenuation and increases the efficacy of milligram
quantities of amino acids, nutrients and biogenic amines.

About Targeted Medical Pharma, Inc.

Targeted
Medical Pharma, Inc
. is a Los Angeles-based biotechnology company
that develops prescription medical
foods
for the treatment of chronic disease, including pain
syndromes, peripheral neuropathy, hypertension, obesity, sleep and
cognitive disorders. The company manufactures 10 proprietary
prescription-only medical foods, as well as 48 convenience packed kits,
which pair a medical food and branded or generic pharmaceutical. These
prescription medical foods and therapeutic systems are sold to
physicians and pharmacies in the U.S. through the company’s subsidiary, Physician
Therapeutics
. These proprietary medications represent a novel
approach to the management of certain disease states, focusing on safety
and efficacy without the deleterious side effects of traditional, high
dose prescription drugs. The company also is developing nutrient-based
systems for oral stimulation of progenitor stem cells that differentiate
into neurons, red blood cells, pituitary hormones including IGF-I.
Targeted Medical Pharma also is engaged in the development of a
proprietary line of dietary supplements.

Forward Looking Statement

This press release may contain forward-looking statements related to
Targeted Medical Pharma’s business strategy, outlook, objectives, plans,
intentions or goals. The words “may,” “will,” “should,” “plans,”
“explores,” “expects,” “anticipates,” “continue,” “estimate,” “project,”
“intend,” and similar expressions, identify forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995, but their absence does not mean that the statement is not
forward-looking. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties, and
assumptions that are difficult to predict. Actual results could differ
materially. Targeted Medical Pharma expressly disclaim any obligation or
undertaking to update or revise any forward-looking statement contained
herein to reflect any change in the company’s expectations with regard
thereto or any change in events, conditions or circumstances upon which
any statement is based.

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Targeted Medical Pharma Develops New Medical Food for Autism Spectrum Disorders
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Brooklyn pharmacy owner indicted in Medicaid fraud

NEW YORK (AP) — A New York City pharmacy owner was indicted in an $800,000 Medicaid scheme after a sting operation where undercover officers posed as patients willing to take cash instead of HIV medication, prosecutors said Thursday.

Aleksandr Ilyayev billed Medicaid for the expensive drugs that were not dispensed, or were only partly dispensed, District Attorney Charles Hynes said. HIV-related medications are some of the most expensive drugs on the market, costing $1,500 or $1,700 per month per prescription, prosecutors said.

The investigation ran from January 2011 to November 2012. Based on the sting, Brooklyn prosecutors believe Ilyayev gave patients kickbacks in the form of cash or Metrocards for bringing him prescriptions. A videotaped conversation with an undercover shows Ilyayev offering the woman $25 per prescription and more if necessary, suggesting she sell the pills if she didn’t need them.

“I will give you more and more,” he says on the tape. “Every time you bring me some patient, I give him medication, I can take care of you. And I can take care of them. From each patient, I will give you your commission, OK?”

Ilyayev is not a licensed pharmacist and the pharmacist working at the shop is not suspected of any wrongdoing, prosecutors said.

Because the undercover officers were posing as patients willing to go without medicine, prosecutors believe real patients weren’t getting drugs they needed.

“We would assume that it was probably happening with other patients as well, and it probably was people who really needed their medications and chose to take a couple of dollars from the defendant or a couple of Metrocards instead of taking the medicine they really needed,” said Assistant District Attorney Debra Jaroslawicz.

Ilyayev denies any wrongdoing, pleaded not guilty and was released on $15,000 bail. Defense attorney John Kaley said his client should be presumed innocent.

“It wouldn’t be the first case in which charges are proved unfounded,” he said.

Medicaid is a federal and state partnership program that provides health care benefits to poor Americans. Authorities said the government would have rejected about $800,000 in payments if it had been aware of the circumstances. They say part of that money involved direct transactions the defendant had with undercover investigators that totaled $65,000 in fraudulent payments.

Prosecutors say paperwork has been filed with federal authorities who will likely revoke Ilyayev’s partnership in Medicaid. The pharmacy in Williamsburg, Brooklyn, remains open because other patients needed medication, prosecutors said.

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Pharmacy owner busted in $800K HIV drugs-theft scheme







Brooklyn District Attorney Charles Hynes arrested pharmacy owner Aleksandr Ilyayev for illegally receiving nearly $800,000 in medicaid payments. He billed Medicaid for HIV-related drug prescriptions (pictured) that were never filled or partially filled. He also paid medicaid recipients cash and metrocards for bringing him their prescriptions.

Gregory P. Mango

Brooklyn District Attorney Charles Hynes arrested pharmacy owner Aleksandr Ilyayev for illegally receiving nearly $800,000 in medicaid payments. He billed Medicaid for HIV-related drug prescriptions (pictured) that were never filled or partially filled. He also paid medicaid recipients cash and metrocards for bringing him their prescriptions.

A Brooklyn pharmacy owner was busted for allegedly scamming Medicaid out of almost $800,000 after he chatted with an undercover investigator about his illegal operation selling primarily HIV drugs, authorities said today.

Aleksandr Ilyayev, 41, faces up to 15 years behind bars for running several different scams out of his Williamsburg pharmacy V&A Pharmacy on Manhattan Avenue near Broadway, Brooklyn prosecutors said.

The pharmacy owner scammed the $64,000 in 2011 and last year, but he also billed Medicaid for over $726,000 during that time – money the program would not have paid him if they knew about his criminal schemes, prosecutors maintain.

There are currently no criminal allegations related to the $726,000, a Brooklyn DA spokesman said.

Ilyayev netted almost $18,000 by billing Medicaid for prescriptions he never dispensed and also got over $45,000 by offering the undercover investigators “kickbacks” in cash or MetroCard, prosecutors said.

“The only thing, try to talk to me, not to the pharmacist, because I’m not a pharmacist,” Ilyayev told one of the undercover investigators. “Because he don’t have to know what we’re doing, how we’re doing.”

Brooklyn DA Charles Hynes slammed the pharmacy scam.

“When you steal from programs funded by taxpayers’ dollars, such as public assistance and Medicaid/Medicare, I will commit whatever resources it takes to build the case against you,” Hynes said.

Ilyayev was charged with health care fraud and grand larceny. He is out on bail.









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Pharmacy owner busted in $800K HIV drugs-theft scheme
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