Florida shares in Pfizer $784 million drug settlement

prescription medsWyeth, owned by Pfizer Inc., has agreed to a $784 million settlement involving claims it underpaid Medicaid rebates for drugs that inhibit stomach acid, officials said Tuesday.

Florida will received $9.3 million as part of the settlement, the Florida Attorney General’s Office said.

The settlement, which arises from whistleblower cases in Massachusetts, involves the drugs Protonix Oral and Protonix IV. Government officials alleged the company avoided its obligation to pay Medicaid rebates to states.

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