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Momenta And Sandoz Pay $120m To Settle Enoxaparin Suit

Result Of Class-Action Suit ‘Extraordinary,’ Court Hears

 
• By Dean Rudge

Momenta and Sandoz must hand over $120m between them to a range of enoxaparin purchasers following final approval of a settlement agreement resolving claims the pair unfairly conspired to block further generic competition in the US to Sanofi’s Lovenox blood-thinner.

Dollar_Gavel
The settlement was granted preliminary approval at the beginning of the year • Source: Shutterstock

A US federal court in Tennessee has granted final approval to a $120m settlement agreement resolving certain class-action claims that generic enoxaparin sellers Momenta Pharmaceuticals and Sandoz conspired to limit further competition in the market for generic versions of Sanofi’s Lovenox (enoxaparin) anticoagulant.

Of the award Sandoz has agreed to $85m and Momenta the remaining $35m; split into two payments of $15m and $20m, as brokered in December last year

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