Charlie Crist, Florida's Attorney General is taking three pharmaceutical companies to court for $25 million, accusing them of illegally inflating prices on generic drugs used to treat depression, schizophrenia, seizures and angina.
The lawsuit alleges that since1994, Sandoz Inc., Ivax Pharmaceuticals Inc., and Purepac Pharmaceutical Company, along with various parent and subsidiary companies, have overstated the prices of generic drugs in statements to the Medicaid program. Under the False Claims Act triple damages could be awarded and that would increase the state's potential recovery amount to $75 million.
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