CVS Pharmacy has reached a $12.25 million settlement with the Massachusetts Attorney General’s Office over allegations that it failed to offer the state’s Medicaid program its lowest drug prices, as is required by state law, the attorney general’s office announced Tuesday.

CVS Pharmacy said in a statement that it was pleased to have settled the lawsuit, but noted that the claims only involve Massachusetts’ unique regulations regarding charging MassHealth — the state’s Medicaid program — its lowest drug prices.

“The agreement is not an admission of liability or wrongdoing and was agreed upon to avoid the time and expense of further litigation with Massachusetts,” the statement reads. “We’ll continue vigorously defending against the claims concerning CVS Pharmacy’s usual and customary pric

See Full Page