Fifteen drugmakers will pay $248 million to settle allegations they manipulated wholesale prices to increase their Medicaid reimbursements, Illinois Attorney General Kwame Raoul (D) said Oct. 28.
The settlement brings to $678 million the amount Illinois has been able to recover through a 2005 lawsuit against more than four dozen drug companies. This settlement, announced Oct. 28, resolves the litigation, a statement from Raoul’s office said.
Hardest hit under the settlement were GlaxoSmithKline LLC, which will pay $54.6 million; Johnson & Johnson Inc., which will pay $49.5 million; and Pfizer Inc., which will pay $41 million.
The ...
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