Cadden House Sale for $1.3 Million

By Walter F. Roche Jr.

The home of a jailed former drug company executive is being sold for $1.3 million, less than half of the original asking price.
The sales price and the names of the purchasers were disclosed today in filings in U.S. District Court in Boston, Mass. The details were disclosed in a series of filings in the criminal case of Barry J. Cadden, the one time president and part owner of the defunct New England Compounding Center.
The filings, which were approved by U.S. District Judge Richard G. Stearns, lift liens that were placed on the Wrentham, Mass. property following Cadden's conviction on racketeering, conspiracy and mil fraud charges.
Cadden is now serving a nine year prison sentence at the federal prison in Loretto, Pa.
According to the filings the purchasers of the property are Michael and Lisa Ferdenzi.
Under the terms of a negotiated forfeiture agreement one half of the proceeds of the house sale will go to the federal government. The other half goes to Lisa Cadden, the wife of Barry.
The five bedroom home was first put on the market with an asking price of nearly $3 million. It has been on the market for 343 days.
Described as "a magnificent private enclave," the 9,000 square foot home has five bedrooms, a salt water pool, a six person bar and a bocce lawn.
Cadden headed NECC, which is the company blamed for the deadly 2012 fungal meningitis outbreak. Cadden was one of 14 persons tied to NECC who were indicted following a two year probe of the outbreak.
NECC shipped out thousands of vials on methylprednisolone acetate contaminated with deadly fungi. The drugs were then injected into the spines and joints of unsuspecting patients. More than 800 of them were sickened and over 100 have died.
Contact: wfrochejr999@gmail.com