The jury had ordered the company to pay $40 million in compensatory damages and $175 million in punitive damages. But Price ruled that state law limits punitive damages to three times compensatory damages, cutting the amount down to $120 million.
The verdict in February came in the first trial of lawsuits filed against more than 70 drugmakers by the state, which claims it was overcharged for prescription drugs for Medicaid recipients. AstraZeneca previously said it would appeal the ruling. Two other drugmakers, Novartis and Glaxo, are currently on trial in the litigation in Montgomery.