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Apotex Pays Out Over US Price-Fixing Claims

Deal Over Pravastatin Includes $24.1m Fine And Deferred Prosecution Agreement

 
• By Dave Wallace

Apotex has agreed to pay a $24.1m fine and enter into a deferred prosecution agreement to resolve US price-fixing claims over the cholesterol-lowering drug pravastatin.

Apotex
Apotex has settled US price-fixing allegations over pravastatin • Source: Shutterstock

Apotex has agreed to pay a $24.1m fine and has entered into a deferred prosecution agreement with the US Department of Justice to resolve price-fixing claims over the pravastatin cholesterol-lowering treatment, in the latest development arising out of ongoing generic pricing investigations in the US.

“Apotex Corp. has reached a resolution with the DoJ’s antitrust division concerning the department’s years-long antitrust investigation into the US generic drug industry,” the firm announced. “The fine imposed relates to sales of a single product by Apotex Corp

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