Pfizer and Endo Pharmaceuticals reached a settlement with the State of Texas to pay $50 million to settle a lawsuit accusing these drug companies of falsifying drug prices to bleed Texas’ Medicaid program.
As often happens, the case stemmed from a whistleblower lawsuit, this one by Ven-A-Care who has a history of filing these claims against pharmaceutical companies.
Ven-A-Care is basically four guys who have become professional witness blowers that have made hundreds of millions of dollars for their companies. These guys lay low: they don’t talk to the media and have not spoken publicly since 2004.
Why are these guys making money hand over fist? Because drug companies are stealing from Medicare and Medicaid like crazy.