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Press Release – Stericycle

15th October 2015

LAKE FOREST, Ill., Oct. 8, 2015 (GLOBE NEWSWIRE) — Stericycle, Inc. (NASDAQ:SRCL) announced today that it has entered into a settlement agreement for a qui tam lawsuit that has been ongoing since 2008. As previously disclosed by Stericycle in its filings with the U.S. Securities and Exchange Commission, a qui tam (or “whistle blower”) complaint was filed in 2008 by a former Stericycle employee on behalf of the Federal Government and later fourteen states and the District of Columbia. In that case, brought under the Federal False Claims Act and various equivalent state statutes, the former employee alleged that Stericycle improperly increased its service price to certain government customers by passing on cost increases without contractual authorization. The matter has now been settled by all parties, which will result in Stericycle paying a total of $26,750,000 to the Federal Government and all affected states to resolve all claims. Stericycle denied all allegations raised by the former employee and is settling this matter without admitting fault or wrongdoing. The parties announced that they agreed to settle the matter to avoid the delay, uncertainty, and expense of continued litigation. About Stericycle, Inc. Stericycle, Inc., a U.S.-based business-to-business services company operating in 23 countries, is focused on solutions that protect people and brands, promote health a

Posted in Blog by securedmedwaste
8th October 2015

On September 25, 2015, the U.S. Environmental Protection Agency (EPA) published a proposed rule titled “Management Standards for Hazardous Waste Pharmaceuticals” in the Federal Register. 80 Fed. Reg. 58,014. Comments on the proposed rule must be received by EPA on or before November 24, 2015. Overview The proposed rule adds a new subpart P to 40 CFR Part 266 to address hazardous waste pharmaceuticals that are generated or managed by healthcare facilities and pharmaceutical reverse distributors. One of the purposes of the rule is to impose controls on the current practice of sending expired, unused, or un-administered pharmaceuticals that also are hazardous wastes to reverse distributors who then determine what if any credit the healthcare facilities will receive for those pharmaceuticals. Another purpose of the rule is to reduce the amount of pharmaceuticals disposed of through sewer systems. The proposed rule includes a number of new terms including “hazardous waste pharmaceutical” which is defined as a pharmaceutical that is a solid waste pursuant to 40 CFR 261.2 that either is a listed hazardous waste or a characteristic hazardous waste. Examples of listed hazardous waste pharmaceuticals include arsenic trioxide (P012), smoking cessation products with nicotine as the sole active ingredient (P075), pharmaceuticals with greater than 0.3% warfarin (and salts) as the sol

Posted in Blog by securedmedwaste
1st September 2015

The U.S. Environmental Protection Agency (EPA) is proposing two new hazardous waste rules, one involving pharmaceutical waste disposal and the other hazardous waste mismanagement. The proposed pharmaceutical rule would ban healthcare facilities from flushing hazardous waste pharmaceuticals down the sink and toilet. The Washington-based agency projects the rule could prevent the dumping of more than 6,400 tons of hazardous waste pharmaceuticals annually, according to a news release. The rule would make drinking and surface water safer by reducing the amount of pharmaceuticals entering U.S. waterways. It would reduce the burden on healthcare workers and pharmacists working in healthcare facilities through a specific set of regulations for the facilities, including hospitals, clinics, and retail stores with pharmacies and reverse distributors that generate hazardous waste, the agency said. The proposed generator rule aims to improve labeling of hazardous waste, and emergency planning and preparedness. The agency said the rule would improve the safety of facilities, employees and the general public. It also would provide greater flexibility in how facilities and employees manage their hazardous waste while making the regulations easier to understand. “These rules provide businesses with certainty and the flexibility they need to successfully operate in today’s marketplace,” s

Posted in Blog by securedmedwaste