{Kentucky}...The office of Kentucky Attorney General Jack Conway has reached a $4.5 million settlement with New Jersey-based Par Pharmaceutical, resolving allegations that the company published inflated average wholesale prices for its drugs. Par, the fifth largest U.S. based generic pharmaceutical company, markets more than 60 generic versions of branded drugs including Alprazolam, a generic for Xanax. The Kentucky Medicaid program uses published average wholesale prices to determine how much to pay pharmacies when they fill prescriptions for Medicaid recipients. The Attorney General's office says Par's published prices were significantly higher than Par actually charged any of its customers. Kentucky may keep the proceeds of Friday's settlement because the federal government has already settled with Par.
