State wins drug-pricing lawsuit against Sandoz
Published: September 7,2011
JACKSON — Mississippi Attorney General Jim Hood says the state has been awarded $38.2 million in a Medicaid drug-pricing lawsuit.
Hood says a judge found that a pharmaceutical company, Sandoz Inc., inflated the average wholesale prices for its generic drugs.
In a news release yesterday, Hood says the inflated number caused Mississippi Medicaid to lose money by paying pharmacies too much.
Calls to a Mississippi attorney for Sandoz were not immediately returned. It wasn’t clear whether the company, based in Germany, would appeal the ruling.
The case was decided by Thomas Zebert, acting as a special chancery judge in Rankin County.
Former Gov. Ronnie Musgrove represented Mississippi as a private attorney in the lawsuit, filed years after he left office in 2004. Hood’s office says Musgrove’s fees haven’t been determined.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Half century of memories — Christmas on Deer Creek to celebrate 50th anniversary
- Investigators find massive Ag Museum fire was an accident
- Analyst: KiOR Columbus plant may end up sold as scrap
- Bryant wants free tuition for students with technical diploma
- Prison-contract task force working in wake of Epps' indictment
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Former MDEQ Executive Director Trudy Fisher joins Butler Snow
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- Court hits David Watkins with $600,000 order over Retro Metro issues
- State's casinos took in more winnings in October