Bristol-Myers Squibb settles with state over price lawsuit, hospital settles with feds over Medicare claims - (Phoenix Business Journal via NewsPoints Desk)

  • Bristol-Myers Squibb will pay Arizona $900,000 to settle a lawsuit brought by state Attorney General Terry Goddard over inflated prescription drug prices, as reported in the Phoenix Business Journal on Wednesday.
  • In 2005, Goddard sued 42 drugmakers over allegations that they inflated drug prices and were part of deceptive trade practices.
  • Eleven drug companies settled with the state for $930,000 in June over the same lawsuit.
  • In 2006 GlaxoSmithKline settled with Arizona for $140,000, the news source stated.
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