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Benzinga
Benzinga
Business
Vandana Singh

Eli Lilly Loses Appeal Over Medicaid Drug Pricing Fraud Case

Eli Lilly and Co.

A federal appeals court has upheld a $183.7 million judgment against Eli Lilly and Co. (NYSE:LLY), rejecting the drugmaker's attempt to overturn a whistleblower lawsuit that accused it of defrauding Medicaid.

Reuters reported that the ruling reinforces a jury's finding that Lilly knowingly misreported drug prices, depriving the government of millions in rebates.

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