Anavex Life Sciences Corp (AVXL)

[sokol]

No, off label use is not covered by private insurance. It is also my understanding that Medicare and Medicaid will not cover off label use. However, I have seen situations were some drug companies have promoted drugs off label to increase sales. As you know a doctor may write a prescription off label, but it is illegal for a drug company to promote its drugs off label. Pfizer paid fines in the hundreds of millions for promoting its drug Neurontin off label. I must rephrase this to say that off label promotion by a company of its drugs off label is illegal in the United States. Such promotion may be legal outside the United States.