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Pfizer Still Shelling Out For Wyeth's Misdeeds; Pays $784.6m

Executive Summary

Pfizer has agreed to pay $784.6m to the US government and 37 states and the District of Columbia to settle a False Claims Act lawsuit in which its subsidiary Wyeth was accused of reporting false and fraudulent prices to the US Medicaid program, thereby avoiding paying hundreds of millions of dollars in rebates. The settlement is just the latest in a string of such agreements to resolve allegations of Wyeth's misdeeds.

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