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Laurus Labs Agreed to Pay $50,000 for Allegedly Violating the Civil Monetary Penalties Law by Failing to Submit Timely Pricing Data

On July 14, 2022, Laurus Labs Private Limited, (Laurus), Berkely Heights, New Jersey, entered into a $50,000 settlement agreement with OIG. The settlement agreement resolves allegations that Laurus failed to submit timely certified monthly and quarterly Average Manufacturer's Price (AMP) data to the Centers for Medicare and Medicaid Services (CMS) for certain months and quarters in 2021. The Medicaid Drug Rebate Program requires manufacturers to enter into and have in effect a national rebate agreement with the Secretary of Health and Human Services in order for Medicaid payments to be available for the manufacturer's covered outpatient drugs. Companies with such rebate agreements are required to submit certain drug pricing information to CMS, including quarterly and monthly AMP data. Senior Counsels Gregory Becker and Jonathan Culpepper, with the assistance of Program Analyst Mariel Filtz, represented OIG.

Action Details

  • Date:July 14, 2022
  • Enforcement Types:
    • CMP and Affirmative Exclusions