Teva Settles With Iowa In Wholesale Drug Suit

Law360, New York (July 7, 2011, 7:03 PM EDT) -- Iowa on Thursday settled a suit in Massachusetts accusing Teva Pharmaceuticals USA Inc. of overcharging the state's Medicare and Medicaid programs by inflating wholesale drug prices alongside other drug companies.

U.S. District Judge Patti B. Saris, who is overseeing multidistrict litgation against the drug companies in Massachusetts, gave her approval to a settlement between Iowa, Teva and several Teva-affiliated companies, including Barr Laboratories Inc.

The court filing does not indicate how much, if anything, Teva will pay to drop the suit, though settlements in similar state-launched...
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