US Attorney’s Office in Boston Subpoenas Drug Maker Wyeth Over Pricing for Heartburn Medication
Officials in the course of New Jersey-based… Wyeth Pharmaceuticals on Monday said that the troop has received a subpoena from the U.S. Attorney’s Responsibility Locale of Massachusetts for information on the process used to calculate prices submitted to Medicaid for the benefit of the heartburn medication Protonix, the Boston Terra reports (Rowland, Boston Globe, 3/15). The subpoena requested quarterly assess calculations of the average wholesale price and “best price” for Protonix spoken tablets and intravenous products from 2000, when the medication at the outset reached the market, to the put on show, according to documents filed with the Securities and Change Commission. The AWP and best price are worn to calculate rebates to state Medicaid programs under the Medicaid Drug Rebate statute (AP/Evansville Courier & Iron, 3/14). According to the documents, “Other pharmaceutical companies fool received similar subpoenas relating to their calculations of wealthiest price from the same Coalesced States attorney” (Boston Globe, 3/15). Wyeth spokesperson Chris Vestments said that the company received the subpoena in the pattern few weeks and is “obviously prospering to cooperate” (Groeller, Dow Jones Front-page news, 3/14). Protonix had $2.3 billion in sales last year and is the third-highest seller in the class of medications called proton force inhibitors, according to IMS Strength (Boston Globe, 3/15).
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View psychedelic information on Protonix.
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