October 28, 2019 / 9:48 PM / a month ago

Drugmakers settle Illinois drug-pricing lawsuit for $242 million

Ten drugmakers including Johnson & Johnson and Pfizer Inc have agreed to pay Illinois $242 million to resolve a long-running lawsuit alleging they defrauded the state’s Medicaid program by inflating a key benchmark used to set payment rates for their drugs.

The settlements announced by Illinois Attorney General Kwame Raoul on Monday resolved claims stemming from a 2005 lawsuit in Cook County Circuit Court accusing various drugmakers of overstating their prescription drugs’ average wholesale prices.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2WkqAXq

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