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Teva Will Give California $69 Million to Put Pay-for-Delay Claims to Rest
Israeli drug titan Teva Pharmaceuticals and two other drugmakers have agreed to settlements in California in order to shake allegations of anticompetitive pay-for-delay deals.
Teva was hit the hardest and will fork over $69 million to the state in order to quiet claims that it used pay-for-delay agreements to stall a generic narcolepsy drug, Provigil, from market for nearly six years.
According to the state’s attorney general, Xavier Becerra, Teva used four pay-for-delay agreements to illegally control sales of the drug between 2006 and 2012 and drove up the cost of the drug.
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