LegalJul 17, 2026, 04:08 PM
EyePoint Settles False Claims Act Allegations for $4.68M
AI Summary
EyePoint, Inc. has entered into a settlement agreement with the U.S. Department of Justice and other agencies to resolve potential claims related to alleged civil violations of the False Claims Act. The company will pay a total of $4,678,981.86 plus interest, along with $166,500 for relator's counsel fees, using cash on hand. The settlement addresses sales, marketing, and promotional practices for DEXYCU from 2019 to 2023 and avoids protracted litigation without admitting liability. Additionally, EyePoint entered into a five-year Corporate Integrity Agreement with OIG-HHS, requiring enhanced compliance measures.
Key Highlights
- EyePoint settled potential claims with the U.S. Department of Justice and other agencies.
- Company to pay a settlement amount of $4,678,981.86 plus 4.25% interest from January 28, 2026.
- Payment includes $4,657,463.18 to the United States and $21,518.68 to participating states.
- EyePoint will also pay $166,500 for relator's counsel fees and costs.
- The settlement resolves alleged civil violations of the False Claims Act related to DEXYCU sales and marketing (2019-2023).
- EyePoint entered into a five-year Corporate Integrity Agreement with OIG-HHS.
- The company intends to use cash on hand to pay the settlement amounts.
Price Impact
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