LAWSUITS NEWS & LEGAL INFORMATION
ETHEX Corporation
Boston, MA: (Aug-15-07) Attorney General Martha Coakley's Office filed a lawsuit against Missouri-based ETHEX Corporation, a seller of generic pharmaceuticals, alleging that the company inflated the drug prices that they reported to national price reporting services. The Commonwealth's Medicaid program, like all other state Medicaid programs and many private medical plans, use prices reported by national price reporting services to determine the amounts they will pay for drugs dispensed by pharmacies to their participants. The Commonwealth alleged that by reporting the inflated prices, ETHEX caused the Massachusetts Medicaid program to pay inflated amounts for Medicaid recipients.
In a bid to resolve the litigation pending in the US District Court in Boston, ETHEX entered into a settlement agreement in which it agreed to pay three payments of $191,666 each, for a total of $574,998, to the Commonwealth over the next two years and to provide $150,000 in free drugs. In agreeing to the settlement, ETHEX denied any wrongdoing and asserted that its price reporting was consistent with all legal standards. ETHEX was one of thirteen generic drug manufacturers sued by the Commonwealth for allegedly inflating the drug prices that they reported to national price reporting services. [ATTORNEY GENERAL OFFICE: INFLATED DRUGS]
Published on Aug-16-07
In a bid to resolve the litigation pending in the US District Court in Boston, ETHEX entered into a settlement agreement in which it agreed to pay three payments of $191,666 each, for a total of $574,998, to the Commonwealth over the next two years and to provide $150,000 in free drugs. In agreeing to the settlement, ETHEX denied any wrongdoing and asserted that its price reporting was consistent with all legal standards. ETHEX was one of thirteen generic drug manufacturers sued by the Commonwealth for allegedly inflating the drug prices that they reported to national price reporting services. [ATTORNEY GENERAL OFFICE: INFLATED DRUGS]
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