The maker of an important addiction treatment medication has agreed to pay $102 million dollars to settle claims it stifled competition. Indivior makes Suboxone, which reduces drug cravings in people with opioid use disorder.
The Virginia-based Indivior introduced Suboxone in 2002 and then, according to state attorneys general, used "monopolistic" strategies to keep generic versions of the opioid-treatment medication off the market.
New York Attorney General Letitia James released a statement saying Indivior "selfishly maneuvered to keep less expensive versions of a life-saving drug out of the hands of millions of Americans" as the opioid crisis grew.
States sued the company in 2016. This settlement with 41 states and the District of Columbia ends that legal fight.
In a statement, Indivior admitted no wrongdoing and said this deal allows the company to focus on patient care.
"We take our role as a responsible steward of medications for addiction and rescue extremely seriously," said Indivior CEO Mark Crossley. "Resolving these legacy matters at the right value allows us to further this mission for patients."
Company officials said they expect to pay the $102.5 million from cash on hand later this month.
2024-12-25 13:042540 view
2024-12-25 13:021393 view
2024-12-25 12:472665 view
2024-12-25 12:451141 view
2024-12-25 12:092970 view
2024-12-25 10:472910 view
Netflix's new original film based one of Christianity's most important stories premiered just in tim
BATON ROUGE, La. (AP) — The scandal-plagued Baton Rouge Police Department has arrested three of its
ISLAMABAD (AP) — Moscow will keep helping Afghanistan on its own and through the U.N. food agency, R