MONTGOMERY, Ala. (AP) -- A state court jury awarded Alabama $215 million Thursday in its Medicaid drug price fraud suit against drugmaker AstraZeneca.
The circuit court jury said the subsidiary of Britain's AstraZeneca PLC must pay $40 million in compensatory damages and $175 million in punitive damages.
The state claimed the company made Alabama's Medicaid system pay too much for drugs prescribed to its patients by inflating prices. AstraZeneca said it got the state the best price it could.
Montgomery attorney Jere Beasley, who represented the state, told the jury that AstraZeneca never provided the Medicaid agency with an "honest and accurate" price for its drugs.
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Thursday, February 21, 2008
AstraZeneca - no angel in Montgomery!
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