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Merck Settles Medicaid Fraud Claims for $24 million

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Merck & Co. will pay the state of Massachusetts $24 million to settle a civil lawsuit that accused the drug maker of causing the state to overpay pharmacies for a common and widely used asthma medication, the Washington Post reports.

Previously, Merck announced that it had planned to appeal a verdict by a federal court which found the drug company was liable for nearly $4.6 million in compensatory damages related to the pricing of three generic albuterol products manufactured by a now defunct Merck subsidiary, Warrick Pharmaceuticals.

Under the terms of the settlement, Merck did not admit wrongdoing or liability, but instead claimed the settlement eliminated the uncertainty of going to trial.

State Attorney General Martha Coakley said the Merck settlement, as well as settlements with 12 other drug makers, garnered more than $47 million for the state’s Medicaid program, the Associated Press reported.

breakinglawsuitnews.com disclaimer: This article: Merck Settles Medicaid Fraud Claims for $24 million was posted on Wednesday, December 21st, 2011 at 8:09 pm at breakinglawsuitnews.com and is filed under Fraud Lawsuits.

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