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Ranbaxy To Pay $40M To Settle Texas Medicaid Fraud Case

By Paul DeBenedetto (October 16, 2014, 3:26 PM EDT) -- Indian pharmaceutical company Ranbaxy Laboratories Inc. has agreed to pay $39.75 million to settle a lawsuit with the state of Texas alleging the company reported inflated drug prices to the state Medicaid office in order to jack up reimbursements, the state attorney general's office said on Thursday....

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