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Court Finds Against Drug Companies in Medicaid Overcharge Pricing Scheme
For the second time this year, the State of Alabama has won a significant victory in court against powerful drug companies. This time, the litigation involved
GlaxoSmithKline and Novartis Pharmaceuticals Corp and with the court awarding a total of $114,247,233 to the state. Earlier this year, the state was awarded a $215 million verdict against the [...]
Warnings, Monitoring of Flu Vaccines Recommended by FDA
In the fall and winter of the year, Americans are urged to get their flu shots. Many see this as an excellent idea and willingly comply. Others are not so certain it’s needed and don’t fall into line to get flu shots for a variety of reasons.
Persons who are leery of accepting flu shots have [...]
Drug Giant Merck Settles Tax Evasion Case for $2.3 Billion
American pharmaceutical giant Merck & Co. has agreed to pay $2.3 billion to the Internal Revenue Service, settling a three-year tax evasion dispute for the tax years 1993-2001.
IRS records say Merck & Co. held offshore accounts in Bermuda for several years to hold patents for two of its drugs, and then used the royalties from [...]
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