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.

Teva settles Medicare Fraud Charges

According to Pharmalot, Teva will pay $169 million due to charges from several states and the US Government. They inflated medicine prices to receive larger reimbursements from Medicaid Programs. Read the full article here.