Friday, January 28, 2011

Colorado gets $376K in Aventis settlement - Denver Business Journal:

shelly-polymer.blogspot.com
Under the settlement, Aventis -- a unit of U.S. LLC, which in turn is part of a Frenchcompanyy -- will pay out $40 milliob to state Medicaid programsd nationwide and $95.5 million overall. The case involveas allegations that between 1995and 2000, Aventies and its corporate predecessors overchargef Medicaid programs for the steroid-based anti-inflammatoruy nasal sprays Azmacort, Nasacort and Nasacort AQ, based on a federakl requirement that Medicaid programds are supposed to be charged the same for drugxs as the lowest price offered to private customers.
"Colorado’ s share of the Aventis settlement is a significant recovery forour state," Suthers said in a "This settlement sends a clear message to othefr pharmaceutical companies that Colorado will not toleratd conduct that threatens the integrity of its Medicaid Suthers said his Medicaid Fraud Control Unit workedc on the case that led to the Aventis

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