Glenmark Pharmaceuticals has agreed to shell out an additional $39.5m to resolve all antitrust litigation centered around the Indian firm’s generic version of Merck & Co’s Zetia (ezetimibe) heart-disease blockbuster, ensuring Glenmark will not face a rare pay-for-delay jury trial.
A myriad of purchasers had brought antitrust claims against the pair, accusing them of striking an anticompetitive deal in 2010 that deprived the market of cheaper generic competition for almost five years, while also allowing for Glenmark to