US drugmakers lose price-fixing ruling
A US District Court has rejected a motion to dismiss a nationwide class action law suit, which was brought against several leading drugmakers, including the Anglo-Swedish AstraZeneca, and USA-based Bristol-Myers Squibb, Johnson & Johnson and Schering-Plough, on behalf of third-party payers.
The case revolves around alleged manipulation of the "Average Wholesale Price," used to calculate discounts for Medicare and Medicaid drug prices (Marketletter October 16).
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