Drug company to pay Oakland County for bloated prescription prices

Oakland County Executive L. Brooks Patterson announced that the county has recovered $362,018.02 on behalf of taxpayers from a large drug wholesaler that conspired to inflate the price of prescription drugs. A class-action lawsuit brought against McKesson, the drug wholesaler, and First Data Bank, a publisher of drug data, said they wrongfully inflated the mark-up factor that determines the average wholesale price of prescription drugs. Their actions resulted in many municipal governments, … [Read more...]