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Rising's Generic Price Fixing Settlement Follows Bankruptcy, Cooperation With DOJ

 
• By Brenda Sandburg

Rising Pharmaceuticals agrees to pay $3.1m, admits to conspiring to fix prices for hypertension drug, and enters into deferred prosecution agreement. Pfizer asks court to be removed from complaint by state AGs.

WASHINGTON, DC - MARCH 2018: Headquarters of the U.S. Justice Department. Art Deco aluminum torcheres at doorway. Renamed the Robert F. Kennedy Department of Justice Building in 2001.
Rising Pharmaceuticals is the second company to settle generic price fixing probe with the Department of Justice

Rising Pharmaceuticals Inc., the former unit of Aceto Corp., is the second company to free itself from a generic price fixing probe that has embroiled more than two dozen corporations and individuals. It was able to walk away with a deferred prosecution agreement due to its bankruptcy proceeding and cooperation with the Department of Justice in the US government's investigation of other generic makers.

Rising's payout of $3.1m in a criminal penalty, civil damages and restitution is a small sum

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