Drug Company to Pay Back Rebates Owed to Washington
SEATTLE (AP) — The state attorney general's office has announced a national pharmaceutical company accused of underpaying drug rebates owed to Medicaid will pay Washington $22.9 million.
A statement from the state's legal office Thursday says Wyeth, owned by drugmaker Pfizer, Inc., agreed to pay a total of $784.6 million to the federal government and 34 other states for allegedly underpaying rebates required through a federal measure for the sale of two drugs between 2001 and 2006.
Part of Washington's total $46.7 million haul will go to the federal government, with $22.9 million coming back to the state's Medicaid program.
Pfizer is headquartered in New York, and Wyeth is headquartered Madison, N.J. They're both Delaware corporations.