Sunday, July 29, 2012

Drug Wholesaler, McKesson, to Pay States $151 Million to Settle Drug Pricing Allegations

McKesson to Pay States $151 Million to Settle Drug Pricing Allegations:

"McKesson Corp. (MCK) has agreed to pay California and 29 other states a total of $151 million to settle allegations that it inflated prescription drug prices, causing states' Medicaid programs to overpay pharmacy reimbursements by millions of dollars, according to the California Department of Justice.

The payment is in addition to an April settlement that had McKesson paying more than $190 million to the federal government to resolve similar claims."

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