Drug company paying NEW HAMPSHIRE $1.2 million

Associated Press

CONCORD, N.H. (AP) – A national drug company is paying New Hampshire $1.2 million as part of a settlement resolving allegations that the company scammed state Medicaid programs.

Attorney General Kelly Ayotte says Bristol-Myers Squibb Company and a former subsidiary, Apothecon, Inc., agreed to the settlement.

The company was accused of overpricing prescription medicine to Medicaid programs, illegally paying health care providers to get them to buy its drugs, promoting a drug for illnesses for which it had not been approved and misreporting sales prices for another medicine so Medicaid programs got smaller rebates.

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