Thursday, February 07, 2008

Merck pay back $400 million for Vioxx and Zocor overcharging

Merck has agreed to pay $399 million plus interest to the federal government, 49 states and the District of Columbia to settle claims that it overcharged Medicaid programs for two big-selling drugs, U.S. prosecutors announced Thursday.

The settlement with Merck also resolves allegations that the company paid improper inducements to doctors to prescribe the cholesterol drug Zocor and the painkiller Vioxx.

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