Bristol-Myers To Pay Pa. $27M Over Drug Pricing

Law360, New York (September 29, 2010, 5:30 PM EDT) -- A Pennsylvania judge has ordered Bristol-Myers Squibb Co. to shell out $27.6 million to state agencies that paid inflated wholesale prices for prescription drugs as part of a price manipulation scheme.

Judge Robert E. Simpson issued his order in Pennsylvania's Commonwealth Court, state Attorney General Tom Corbett announced Wednesday, ruling that Bristol-Myers overcharged state medical programs like Medicaid and the Pharmaceutical Assistance Contract for the Elderly for prescriptions in violation of Pennsylvania's Unfair Trade Practices and Consumer Protection Law.

According to Corbett's office, the scheme included...
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