Thursday, October 14, 2010

Hawaii receives $82 million for pricing fraud

Pharmalot reports that the state of Hawaii will receive $82 million from large Pharma companies to settle the law suit that charged Pharma for overcharging the state in drug costs. In 1999, the cost of the program was $45 million, but had risen to $117 million in 2004. It was a Florida pharmacy that called out the overcharging. Merck will pay the largest sum of drug companies at $28 million, followed by Pfizer at $8 million.

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