Schering-Plough Corporation
Schering-Plough to Appeal Jury Decision in Missouri Reimbursement Case
Published in Nursing Home and Elder Business Week, November 16th, 2008
Schering-Plough Corporation (NYSE:SGP) said that it strongly believes that the decision reached by a jury in Missouri related to reimbursement by Missouri's Medicaid program of certain products sold by Warrick Pharmaceuticals, the company's former generics subsidiary, was incorrect. The company said it will appeal and continues to maintain that it complied with all applicable laws and regulations governing reimbursement rules in Missouri.
The company has prevailed in two other reimbursement cases.
In November 2007, the U.S. District Court for the District of Massachusetts found no liability for Warrick Pharmaceuticals in a class action lawsuit...
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