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"                      <p class=\"imgtitle\">Conway</p>           FRANKFORT, Ky. (Legal Newsline) - Kentucky Attorney General Jack Conway has announced a $4.5 million settlement Wednesday with a pharmaceutical manufacturer accused of fraudulently raising prices.<br /> <br />The settlement was reached with Germany-based Boehringer Ingelheim GmbH and its subsidiaries Boehringer Ingelheim Pharmaceuticals, Inc., Boehringer Ingelheim Roxane, Inc., Roxane Laboratories, Inc. and Ben Venue Laboratories, Inc.<br /><br />This is the latest in a string of 47 lawsuits targeting drug companies over price inflation that allegedly cost the state's Medicaid program millions of dollars.<br /><br />Medicaid programs rely on published average wholesale prices to calculate Medicaid drug-reimbursement rates. <br /><br />The lawsuits alleged the defendants published false inflated prices which were not reflective of the actual consumer price the companies had originally made available. <br /><br />\"My office is committed to ensuring that drug companies truthfully report their prices and do not engage in false or misleading marketing of their products,\" Conway said. <br /><br />\"Taxpayers should not be footing the bill for these inflated drug prices.\" <br /><br />Last month, Conway announced a $16 million verdict in Franklin Circuit Court against drug maker Sandoz. Since January 2008, Conway has collected $63 million for the Medicaid program, he said."^^<http://www.w3.org/2001/XMLSchema#string>
<http://legalnewsline.com/stories/510521216-conway-boehringer-ingelheim-reach-settlement-in-awp-case>