Dey settles AWP litigation
Merck KGaA subsidiary Dey reaches Medicaid reimbursement settlements with Nevada and Hawaii (March 29 and March 21, respectively) regarding alleged misrepresentations of average wholesale price. Dey will pay $670,000 to Nevada and $946,992 to Hawaii. In 2004, Dey paid $18.5 million to settle a Medicare fraud suit brought by the attorney general of Texas, and currently has suits in several states (1"The Pink Sheet" Feb. 12, 2007, p. 23)...
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