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11 Drug Companies Agree To Pay $125 Million For Fixing Prices
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| Contributor | Servo |
| Last Edited | Servo Mar 13, 2008 01:09pm |
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| Category | Blog Entry |
| News Date | Thursday, March 13, 2008 07:00:00 PM UTC0:0 |
| Description | The Prescription Access Litigation (PAL) coalition filed suit against 11 drug companies in 2002 for artificially inflating the average wholesale price, or AWP, of certain drugs, including ones used to treat serious illnesses such as cancer and HIV. This week, PAL announced that the companies have agreed to pay $125 million to settle—82.5% of the amount will be used to compensate third-party payor's claims, and the remaining 17.5% will be used for consumer claims. |
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