Assessing the First DataBank settlement: dramatic shake-up or status quo?
First DataBank (FDB) is the prescription drug industry's largest publisher of average wholesale price (AWP) data, which is used to derive drug prices at the consumer end of the U.S. drug distribution system. In 2006, FDB agreed to a tentative legal settlement after allegations it engaged in questionable activities that cost millions of consumers and third-party payers an extra $7 billion between August 2001 and March 2005. The potential impact of the proposed settlement is projected to be far-reaching; however, settlement details still require final approval by the court.
Golden
Joshua
J
Hewitt Associates.
D002140:California; D003132:Commerce / Q000191:economics; D035881:Compensation and Redress / Q000331:legislation & jurisprudence*; D019992:Databases as Topic; D005607:Fraud / Q000331:legislation & jurisprudence*; D004364:Pharmaceutical Preparations / Q000191:economics*
D004364:Pharmaceutical Preparations