25 Drug Cos. Put Up $88M To Escape Price-Rigging Suits

Law360, New York (November 20, 2013, 7:41 PM EST) -- Twenty-five pharmaceutical firms, including Sandoz Inc. and Johnson & Johnson, will shell out a collective $88 million to resolve allegations in Louisiana court that they defrauded the state's Medicaid program by artificially inflating wholesale prices, capping a three-year legal saga that ensnared scores of other manufacturers, state officials said Wednesday.

The payouts bring the Bayou State’s haul in suits concerning average wholesale pricing to more than $238 million, marking the final settlements in litigation that targeted 109 drug companies. In addition, the 10-figure deal vindicates Louisiana...
To view the full article, register now.