FRANKFORT, Ky. — A Franklin County judge has denied a pharmaceutical company's request for a new trial in a case in which it has been ordered to pay $20.5 million over inflated prescription drug prices.
A Franklin County Circuit Court jury in October 2009 delivered a $14.7 million verdict against drug company AstraZeneca for inflating drug prices for Medicaid reimbursements. Attorney General Jack Conway's office said Wednesday that civil penalties amounted to nearly $5.4 million, with another $396,000 in interest.
The state's Medicaid program calculates its drug reimbursement rates based on published average wholesale prices. Prosecutors claimed AstraZeneca inflated those published prices.
Conway said Judge Philip Shepherd denied AstraZeneca's motion for a new trial on Jan. 19.
Wednesday, January 26, 2011
FRANKFORT, Ky. Judge denies AstraZeneca motion for new trial
via kentucky.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment