(Hartford, CT) — Attorney General William Tong announced a $75 million settlement today between today states and the federal government resolving allegations that Bristol-Myers Squibb Company overcharged the state Medicaid programs for drugs. The investigation resulted from a qui tam action filed in the United States District Court for the Eastern District of Pennsylvania under the federal False Claims Act and various state false claims statutes. Bristol-Myers Squibb is a New York-based pharmaceutical manufacturer. The Connecticut Medicaid program will receive $1.3 million through the settlement.
“Bristol-Myers-Squibb wrongly withheld millions of dollars in rebates owed to state Medicaid programs. This national settlement will return $75 million back to the states and federal government, and should serve as a strong deterrent to any company seeking to unlawfully shortchange our public healthcare programs,” said Attorney General Tong.