Dey L.P. Settles State of Utah Pricing Litigation
18 September 2009 - 6:53AM
PR Newswire (US)
NAPA, Calif., Sept. 17 /PRNewswire-FirstCall/ -- Dey, L.P. today
announced that it has settled a lawsuit brought against it and
other companies by the State of Utah in October 2005 pertaining to
Medicaid reimbursements paid by the state to pharmacists and other
healthcare providers. In exchange for a full release of claims, Dey
has agreed to pay approximately $1 million. As part of the 2007
acquisition agreement between Mylan Inc. (Dey's parent company) and
Merck KGaA (Dey's former parent company), Merck KGaA is responsible
for paying the full amount of this settlement as well as all costs
and other expenses associated with pending and future-related
Medicaid reimbursement lawsuits involving Dey. As part of the
settlement, the state acknowledges that the settlement does not
constitute admission or evidence of fault, liability or unlawful
conduct by Dey. Dey L.P., a subsidiary of Mylan Inc. (NASDAQ:MYL),
is a specialty pharmaceutical company focused on the development,
manufacturing and marketing of prescription drug products for the
treatment of respiratory diseases, respiratory-related allergies
and emergency care medicine. As the U.S. leader in sales of
nebulized respiratory medication, Dey puts patients first through
its development of innovative and affordable therapies. The Web
sites for Dey L.P. include http://www.dey.com/,
http://www.accuneb.com/, http://www.curosurfusa.com/,
http://www.cyanokit.com/, http://www.duoneb.com/,
http://www.epipen.com/ and http://www.perforomist.com/. DATASOURCE:
Dey L.P. CONTACT: Mike Laffin of Mylan, Global Public Affairs,
+1-724-514-1968 Web Site: http://www.dey.com/
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