NEW EVENT! Cutting-edge Trends for Life Sciences at PACK EXPO Southeast
Discover all the latest packaging solutions for life sciences products at the all-new PACK EXPO Southeast in Atlanta, GA, March 10-12, 2025

Ex Pharma CEO Gets Prison Time for Kickbacks

A former executive at Omaha’s Pharmaceutical Technologies Inc. will pay a hefty fine and serve time for agreeing to millions in illegal kickbacks to representatives.

Douglas M. Pick, former president and CEO of PTI / Image: Creighton University
Douglas M. Pick, former president and CEO of PTI / Image: Creighton University

A recent Omaha World-Herald article noted the sentence handed down to Douglas M. Pick for unethical behavior in the pharmaceutical industry. Pick served as president and CEO of Omaha-based Pharmaceutical Technologies Inc. (PTI) from 1992 to 2013. During that time, he agreed to hand out $3.5 million in kickbacks to representatives of pharmacy benefit plans in exchange for business.

The money came from fees added to prescriptions paid by customers that were then funneled to a shell company set up by an executive of the hospital. Peck was sentenced to a year and a day in prison, a $50,000 fine, and roughly $350,000 in restitution. PTI avoided prosecution by cooperating with the Justice Department’s investigation and agreeing to pay more than $8.5 million.

INTRODUCING! The Latest Trends for Life Sciences at PACK EXPO Southeast
The exciting new PACK EXPO Southeast 2025 unites all vertical markets in one dynamic hub, generating more innovative answers to packaging challenges for life sciences products. Don’t miss this extraordinary opportunity for your business!
REGISTER FOR $30!
INTRODUCING! The Latest Trends for Life Sciences at PACK EXPO Southeast