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Sandoz Agrees $265m Settlement To Resolve US Pricing Litigation

Firm Says Purchasers Deal Underscores ‘Commitment To Integrity And Sound Governance’

 
• By Dave Wallace

Sandoz has agreed a $265m settlement in the US to resolve generic pricing antitrust class action litigation with direct purchaser plaintiffs, as part of a deal that contains no admission of wrongdoing on the part of the generics giant.

265 number on orange background
Sandoz will pay out $265m to resolve antitrust class action litigation • Source: Shutterstock

Sandoz US and its Fougera Pharmaceuticals subsidiary will pay a total of $265m to direct purchaser plaintiffs in US antitrust litigation over generic pricing, as part of a deal that the generics giant has reached to resolve the matter in exchange for “full release of all claims by the class.”

Underlining that the agreement “contains no admission of wrongdoing by Sandoz US,” the firm said the settlement “resolves all federal antitrust damages for direct purchaser class plaintiffs’ claims in this...

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