Epic Research Update : Ranbaxy Lab

Ranbaxy Laboratories has settled the litigation concerning its participation in the Texas Medicaid Program. Under the settlement agreement, the pharma major will make payments to the State of Texas totaling $39.75 million in a series of tranches through August 2015. The company has settled the matter to avoid any further distraction and uncertainty of continued litigation with the state of Texas.



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Posted in: Indian Market Tips