Getty: Pfizer Corporate Headquarters in New York City.

In the midst of deep public angst over the rising cost of prescription meds, drug giant Pfizer agreed to pay roughly $785 million to put an end to a federal probe into whether it overcharged Medicaid programs for Protonix, a heartburn medication.

“The resolution of these cases reflects a desire by the company to put these cases behind us and to focus on the needs of patients,” said Doug Lankler, Pfizer’s general counsel, in a statement to the Wall Street Journal.

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