Drug Firms Pay $11M for Overbilling Medicaid

AUSTIN (CN) - Upsher-Smith Laboratories and Forest Laboratories will pay Texas $10.9 million to settle claims they inflated the prices of Medicaid drugs.

Upsher will pay $7.9 million and Forest and its subsidiary Inwood Laboratories will pay $3 million, the Attorney General's Office said.

The drug companies also will pay $1.1 million for attorneys' fees. They deny that they did anything wrong.

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