FINWIRES · TerminalLIVE
FINWIRES

CVS Health to Pay $36.5 Million in Multistate Insulin Overbilling Settlement

By

CVS Health (CVS) will pay $36.5 million to resolve allegations that it knowingly submitted false claims to MassHealth and other government healthcare programs by over-dispensing insulin pens and improperly obtaining reimbursement.

Massachusetts Attorney General Andrea Joy Campbell said Thursday the settlement was reached in coordination with the US Department of Justice and attorneys general from 35 other states and the District of Columbia.

Massachusetts will receive $1.3 million from the settlement.

Under the agreement, CVS admitted and accepted responsibility for certain conduct, including that government healthcare programs reimbursed the company for insulin pen refills that were ineligible for reimbursement, according to the statement.

Price: $102.95, Change: $-1.52, Percent Change: -1.45%

Related Articles

Wire

Republic Power Group Regains Nasdaq Minimum Bid Price Compliance

Republic Power Group (RPGL) regained compliance with the Nasdaq Stock Market minimum bid price requirement.Nasdaq has closed the matter, the company said Wednesday in a statement.Republic Power shares jumped 34% in after-hours trading.

$RPGL
Wire

Byrna Technologies to Acquire HERO Defense Systems for $1.25 Million in Cash, Stock

Byrna Technologies (BYRN) agreed to acquire HERO Defense Systems $1.25 million in cash and stock, adding compact everyday-carry personal defense products to its lineup.The consideration includes $625,000 in cash, $625,000 in restricted shares, and a performance-based royalty tied to future net sales of HERO products, Byrna said Wednesday in a statement.The transaction is expected to close within 30 days.Byrna shares rose 4.9% in after-hours trading.

$BYRN
Wire

Ampco-Pittsburgh Reports Higher Customer Order Activity for H1

Ampco-Pittsburgh (AP) said Wednesday its customer order activity in the first half of 2026 totaled about $268 million, up from $204 million in the same period a year earlier.Customer order activity in the company's Forged and Cast Engineered Products segment rose 25% in the first six months of 2026, while Air and Liquid Processing experienced 42% growth year over year, according to a statement.Shares rose more than 15% in after-hours trading.

$AP