You are here: Home » Companies » News
Business Standard

Ranbaxy says US authorities seek information on pricing data

The data has been sought for some products eligible for reimbursement under the Medicaid program

Reuters  |  Mumbai 

Generic drugmaker Ranbaxy Laboratories Ltd said on Wednesday that federal authorities in the United States had sought details on how it reports pricing data for some products eligible for reimbursement under the Medicaid program. The company, which has agreed to be acquired by rival Sun Pharmaceutical Industries Ltd , said it had received a civil investigative demand (CID) from the U.S. Department of Justice (DOJ) and that it would fully cooperate with the investigation. "The CID is a request for documents and information, and is not an allegation of wrongdoing or demand ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, September 17 2014. 17:50 IST
RECOMMENDED FOR YOU