Texas Pharma Company Inflated Prices Over 400 Times Above Cost to Claim Fraudulent Reimbursements: DOJ

Texas Pharma Company Inflated Prices Over 400 Times Above Cost to Claim Fraudulent Reimbursements: DOJ
A bottle of antidepressant pills Effexor in Miami, Fla., on March 23, 2004. Joe Raedle/Getty Images
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The Department of Justice has filed a complaint against a Houston-based company for falsely inflating pharmaceutical ingredient prices to over 400 times the actual cost for the purposes of defrauding TRICARE, a federal health care program.

According to a press release on Nov. 8, the DOJ filed the complaint under the False Claims Act against Professional Compounding Centers of America Inc. (PCCA), for blowing up Average Wholesale Prices (AWPs) of pharma ingredients that are used in compound drugs.

Naveen Athrappully
Naveen Athrappully
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Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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