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What Teva's $1.2bn settlement means for pay for delay

 
• By Donna Young

Drug manufacturer giant Teva was practically at the courthouse steps when it settled on 28 May for $1.2bn with the US Federal Trade Commission (FTC) over what the agency said were illegal efforts by the company's subsidiary Cephalon to block US generic competition of its $1bn blockbuster narcolepsy and sleep apnea drug Provigil (modafinil).

Drug manufacturer giant Teva was practically at the courthouse steps when it settled on 28 May for $1.2bn with the US Federal Trade Commission (FTC) over what the agency said were illegal efforts by the company's subsidiary Cephalon to block US generic competition of its $1bn blockbuster narcolepsy and sleep apnea drug Provigil (modafinil).

The FTC's lawsuit against Teva, filed in 2008, was set to go to trial 1 June.

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