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08 December 2010

Drug companies pay $421 million in price scam

Three pharmaceutical companies have agreed to pay 421 million dollars for reporting inflated drug prices to the US government, officials said.

Three pharmaceutical companies have agreed to pay 421 million dollars for reporting inflated drug prices to the US government, officials said.

Tony West, Assistant Attorney General for the Justice Department's Civil Division, said the companies were guilty of "offering their customers one price and then falsely reporting a greatly inflated price to the lists the government uses when determining how much to pay for the drugs," he said.

 

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