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Pfizer settles Wyeth Medicaid rebate case for $784.6 million

Shared by Radhika Narayanan | 1 0 0 | about 2 years ago

The Justice Department has ordered Pfizer to pay $784.6 million, which includes $413 million to the federal government and $371 million to state Medicaid programs.
According to DOJ allegations, drugmaker Wyeth, which Pfizer purchased in 2009, failed to report institutional sales agreements involving Protonix Oral and IV formulations, resulting in lower Medicaid rebates.
DOJ claimed Wyeth did not report the discounted prices to the federal government, thereby avoiding paying hundreds of millions of dollars in rebates between 2001 and 2006.

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