Tuesday, March 22, 2011

Colorado gets $376K in Aventis settlement - Denver Business Journal:

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Under the settlement, Aventis -- a unit of U.S. LLC, which in turn is part of a Frenchcompany -- will pay out $40 millio n to state Medicaid programs nationwide and $95.5 millio overall. The case involves allegations that between 1995 and Aventis and its corporate predecessors overcharged Medicaird programs forthe steroid-based anti-inflammatory nasal spray s Azmacort, Nasacort and Nasacort AQ, based on a federal requirement that Medicai d programs are supposed to be charged the same for druges as the lowest price offered to private "Colorado’s share of the Aventis settlement is a significantr recovery for our state," Suthers said in a "This settlement sends a cleaf message to other pharmaceutical companies that Colorad will not tolerate conduct that threatens the integrity of its Medicaixd program.
" Suthers said his Medicaidc Fraud Control Unit worked on the case that led to the Aventisx settlement.

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