The Swiss drug company S& J has agreed to pay $1bn (£1bn) to settle a case of "impotence in Switzerland" that was brought against the company by Swiss authorities.
Switzerland's health ministry announced today that it will pay the Swiss National Health Insurance Fund $1bn to settle a case of "impotence" in the country of "unprecedented".
The settlement will be made under a deal signed in January and is expected to be completed in the next few days. S& J will pay in cash and in shares of the Swiss health insurance fund, which will provide it with the remaining health care funds to cover a share of the general fund.
It is not clear what the terms of the agreement will be, but it will provide an incentive to Swiss citizens to give up their health insurance, and in some cases, it will reduce the amount of the sum. The deal is in addition to an agreement signed in March last year between the Swiss government and Pfizer.
The settlement is the latest in a series of similar cases in which the Swiss health care funds have been used to pay for health care for patients in the countries of origin.
The first of these cases brought in 2006, which was the largest in the world, followed in 2012 when the Swiss Health Care Fund paid $1bn to settle a case of "impotence" in Switzerland in a case brought by the International Association of Sexual Medicine (IASM).
The case was brought in Switzerland's Supreme Court of Justice by Swiss-based Swiss medical firm Pfizer, who was a partner of Swiss drug maker S& J.
The case was brought by the Swiss government in 2006 by the Swiss health care fund, which was formed to pay a share of the general fund. S& J said it is also looking at other cases to be settled in the future.
The settlement will enable Pfizer to "coupon" the Swiss health insurance fund, and to provide the remaining health care funds to cover the remaining part of the general fund.
The company said it will be able to continue to "coupon" its Swiss health care fund in future. It said it is also interested in the case of a second case brought by a Swiss physician who is suspected of prescribing Viagra to a patient in the country of "unprecedented" in the case of "impotence".
In a press release, Swiss drug maker S& J said that the Swiss health care fund will provide it with the remaining health care funds to cover the remaining part of the general fund.
In the case of a second case, the Swiss government said that the health care funds will be paid for by a Swiss doctor and will provide the remaining part of the general fund to the general fund in future.
The case is expected to be settled in the next few months.
The company said that it will pay the Swiss National Health Insurance Fund $1bn (£1bn) to settle a case of "impotence" in the country of "unprecedented" in the case of "unprecedented".
Switzerland is also a victim of a scandal linked to its high incidence of diabetes and high blood pressure.
The world's largest drugmaker is facing another case brought by Swiss authorities after a German pharmaceutical company, Pfizer, bought its medical facilities in Switzerland and then sold the site in 2006 to a Swiss company. Pfizer has now been ordered by Swiss authorities to remove the Swiss pharmacy from the market, as well as to dispose of the remaining drug products that are used to treat the health care needs of patients in the country of origin.
The Swiss health care fund is to pay out $1.2bn in cash to patients for their health care, including free meals, consultations and free home deliveries, which can be provided to their families.
The Swiss health care fund is to pay out $1.1bn for its own health care, including free meals, consultations and free home deliveries.
The total cost of the sale of the Swiss drug company is $1.2bn. The Swiss health care fund is now the world's biggest drugmaker and has more than a dozen other companies to deal with.
The company said that the Swiss health care fund had "greatly increased its capital and capital allocation resources to the point that it is now the largest company in Switzerland and has a significant role to play in the future of the Swiss health care fund".
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