Consumers have filed a nationwide class action suit against Johnson & Johnson, Bristol-Myers Squibb Co., AstraZeneca Plc and GlaxoSmithKline Plc claiming the drug makers artificially inflated prices. A judge ruled the plaintiffs were harmed by the way the companies charged for their drugs.
The drug companies might have to repay hundreds of millions of dollars if they are found to have over-charged. A consumer group says the companies took advantage of the Average Wholesale Price formula (AWP) to inflate reimbursements from Medicare for administered drugs and procedures that physicians perform personally, such as chemotherapy. The case is In Re: Pharmaceutical Industry Average Wholesale Price Litigation, 01cv12257, U.S. District Court for the District of Massachusetts.
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If you have purchased drugs from one or more of these four drug companies at an artificially inflated price, you may qualify for damages or remedies that may be awarded in this possible class action lawsuit. Please fill in our form on the right to submit your complaint and we will have this lawyer review your inflated prices complaint.At LawyersandSettlements.com, it is our goal to keep you informed about important legal cases and settlements. We are dedicated to helping you resolve your legal complaints.