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Apotex And Heritage Reach $50m Settlements For US Price-Fixing Claims

Settlements Come Ahead Of First Trial In Connecticut; State AGs ‘Very Confident’

 
• By Dean Rudge

Two more generics manufacturers have reached agreements with 50 US attorneys general settling claims that they artificially inflated and manipulated the prices of generic drugs for nearly a decade.

Price-fixing words in dictionary with definition
• Source: Shutterstock

Apotex and Emcure Pharmaceuticals’ Heritage subsidiary have agreed to pay a combined $49.1m to settle three longstanding US antitrust suits alleging that both companies engaged in “widespread, long-running” conspiracies to “artificially inflate and manipulate prices, reduce competition and unreasonably restrain access to numerous generic prescription drugs.”

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