Kentucky gets $10.2 Million in Drug Settlement

FRANKFORT, KY. – Kentucky has reached a $10.2 million settlement with pharmaceutical manufacturers Alpharma USPD Inc. and Purepac Pharmaceutical Co. in a case brought by the attorney general’s office.

Attorney General Jack Conway said Wednesday the case involved allegations that the companies claimed inflated average wholesale prices for their drugs.

The Kentucky Medicaid program relies on average wholesale prices to calculate reimbursement rates. As a result, the attorney general’s office claimed that the Kentucky Medicaid program ended up paying substantially more for Alpharma and Purepac drugs.

Read the full article at: Bloomberg News

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