Friday, May 29, 2009

Sanofi-Aventis Pays $95.5M in a Federal Claim

According to this article in bizjournals, Sanofi-Aventis will pay $95.5 million to settle a federal claim that accuses Aventis Pharmaceuticals Inc. of underpaying drug rebates it was required to pay into Medicaid between 1995 through 2000. The Justice Dept claims that $49 million of the settlement will be paid to the federal government, $40 million will be paid to the states, and the remaining $6 million will go to heath providers.

Read the full article here.

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