PharMerica Agrees To Pay $9.25 Mln To Settle Kickback Allegations

(RTTNews) - PharMerica Corp.n (PMC) announced that it has reached a voluntary civil settlement with the Department of Justice related to a previously disclosed investigation into allegations that, during the January 1, 2001 through December 31, 2008 time period, certain of the Company's agreements with the manufacturer of the pharmaceutical Depakote violated the False Claims Act or the Anti-Kickback Statute. The Company denied the government's allegations and fully cooperated with the DOJ throughout this investigation.

Under the terms of the Settlement Agreement, PharMerica has agreed to pay $9.25 million to the federal government and the various plaintiff states. The Company is fully reserved for that amount.