Company: APM
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001213900-25-118752
Chunk: 329

Company: Aptorum Group Ltd
Filing Date: 2025-12-05
Form: 424B5
Chunk 329
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 apply to items or services reimbursed by any third-party
payor, including commercial insurers.

Legislation defining two new
federal crimes related to health care was recently enacted: health care fraud and false statements relating to health care matters. The
health care fraud statute prohibits knowingly and willfully executing a scheme to defraud any health care benefit program, including private
payors. A violation of this statute is a felony and may result in fines, imprisonment or exclusion from governmental payor programs such
as the Medicare and Medicaid programs. The false statements statute prohibits knowingly and willfully falsifying, concealing or covering
up a material fact or making any materially false, fictitious or fraudulent statement in connection with the delivery of or payment for
health care benefits, items or services. A violation of this statute is a felony and may result in fines, imprisonment or exclusion from
governmental payor programs.

Finally, another development
affecting the health care industry is the increased enforcement of the federal False Claims Act and, in particular, actions brought pursuant
to the False Claims Act’s “whistleblower” or “qui tam” provisions. The False Claims Act imposes liability
on any person or entity that, among other things, knowingly presents, or causes to be presented, a false or fraudulent claim for payment
by a federal governmental payor program. The qui tam provisions of the False Claims Act allow a private individual to bring actions on
behalf of the federal government alleging that the defendant has defrauded the federal government by submitting a false claim to the federal
government and permit such individuals to share in any amounts paid by the entity to the government in fines or settlement. When an entity
is determined to have violated the False Claims Act, it may be required to pay up to three times the actual damages sustained by the government,
plus civil penalties ranging from $5,500 to $11,000 for each false claim.

In addition, various states
have enacted false claim laws analogous to the federal False Claims Act, although many of these state laws apply where a claim is submitted
to any third-party payor and not merely a governmental payor program.

In Europe various countries
have adopted anti-bribery laws providing for severe consequences, in the form of criminal penalties and/or significant fines, for individuals
and/or companies committing a bribery offence. Violations of these anti-bribery laws, or allegations of such violations, could have a
negative impact on DiamiR’s business, results of operations and