Idaho to collect $2.9 million as part of prescription drug settlement
BOISE, ID - The state of Idaho will be collecting a substantial amount of money after Attorney General Lawrence Wasden sues several prescription drug manufacturers.
According to the attorney general's office, Pfizer Inc. and Pharmacia Corp. have agreed to pay Idaho $2.9 million as part of the latest settlement stemming from a 2007 lawsuit.
The lawsuit, filed by Idaho and other states accuses the two pharmaceutical companies of selling products at false or inflated prices.
The inflated price resulted in over-payments to pharmacies that provide the drugs to Idaho Medicaid clients.
So far, Wasden and his office have recovered more than $25 million in similar settlements with 36 drug manufacturers.
Lawsuits are still pending against two other companies.
According to the attorney general's office, Pfizer Inc. and Pharmacia Corp. have agreed to pay Idaho $2.9 million as part of the latest settlement stemming from a 2007 lawsuit.
The lawsuit, filed by Idaho and other states accuses the two pharmaceutical companies of selling products at false or inflated prices.
The inflated price resulted in over-payments to pharmacies that provide the drugs to Idaho Medicaid clients.
So far, Wasden and his office have recovered more than $25 million in similar settlements with 36 drug manufacturers.
Lawsuits are still pending against two other companies.
