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ZURICH (Reuters) – Roche is seeking damages and compensation in a U.S. lawsuit against former executives of a Utah-based company, the Swiss drugmaker’s latest case targeting what it calls fraudulent schemes involving its diabetes test strips. Roche has filed several lawsuits in U.S. federal court in which it alleges individuals and companies obtained low-priced diabetes test strips meant for mail-order customers, only to re-direct them for sale via pharmacies where higher prices allowed them to profit from the difference amazon women’s cufflinks.

“Defendants caused Roche to wrongfully pay over $87 million in rebates and to lose a similar amount of sales of retail strips,” according to Roche’s complaint filed in U.S. District Court in New Jersey on Tuesday against more than a dozen defendants including Jeffrey C. Smith, chief executive at Utah’s Alliance Medical Holdings until 2017 amazon women’s cufflinks. In Utah, where Alliance Medical filed for bankruptcy protection in 2017 after a raid by federal agents seeking evidence of potential healthcare fraud, Roche contends Smith and others from 2011 to 2017 sought fraudulent reimbursements for 1.84 million 50-count boxes of Roche diabetes test strips..

Smith did not immediately return phone calls and e-mails seeking comment. For America’s 30 million people with Type 1 and Type 2 diabetes and prick their fingers daily, blood glucose test strips help keep their glucose levels in check, preventing blindness, heart disease or death amazon women’s cufflinks. These plastic strips are costly, running to $160 for boxes of 100 and creating incentives for a “grey market” away from formal retail channels that strip makers contend is vulnerable to fraud and safety concerns..

HONG KONG (Reuters) – Tencent Holdings signaled it will reduce its reliance on gaming in China, where a regulatory review and one-off investment costs led to its sharpest-ever quarterly profit drop and slowest annual profit growth in 13 years amazon women’s cufflinks. “Our revenue mix is getting increasingly diversified, with fast growth from performance-based advertising and ‘other’ revenues,” Tencent President Martin Lau said on Thursday. Lau was referring to a segment that included Tencent’s new cloud business, which posted its first annual revenue of 9.1 billion yuan ($1.36 billion). Lau added Tencent will add a new revenue category in its next earnings report to reflect the contribution from such fast-growing new businesses..

Asia’s second-most valuable company also said it will move younger staff into middle management in a shake-up that will see around 10 percent of its managers retire or become consultants. Tencent is battling a slowing Chinese economy which could weigh down the technology sector as well as prolonged regulatory setbacks to its main business of gaming, with a nine-month hiatus in new game approvals in China preventing it from making money out of some of its most popular games. Net profit for the September-December quarter dropped by more than expected by 32 percent, the biggest decline since Tencent went public in 2004, to 14.2 billion yuan, in part due to one-off losses from its portfolio companies amazon women’s cufflinks.