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

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

Price-fixing words in dictionary with definition
The settlements emerged ahead of the first trial beginning in Connecticut. • Source: Shutterstock

Apotex and Emcure Pharmaceuticals' Heritage subsidiary agreed to pay a combined $49.1m to settle three longstanding US antitrust suits alleging the 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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