Posts Tagged ‘cancer’
Drug Manufacturer Fraud Litigation - Monday, July 26, 2010 9:23 - 0 Comments
Astrazeneca Settles Class Action Lawsuit For $103 Million
AstraZeneca has agreed to pay $103 million to settle class-action claims arising out of the company inflating the wholesale price of cancer and asthma treatments. The first settlement includes $13 million for consumers and health insurers in Massachusetts, and $90 million for claimants outside of the state. The class-action lawsuit alleged that AstraZeneca inflated the average wholesale price of Zoladex, a cancer drug, and Pulmicort Respules, a treatment used to prevent asthma symptoms in children. This is one of the fraud cases that have been labeled AWP cases and the facts should be familiar to the Alabama Supreme Court. Apparently, judges in other states take a different view on the law applicable to these cases. At least AstraZeneca must believe that they do since the company is settling cases.
Source: The News Journal
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