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Teva pays $1.2 billion to settle pay-for-delay allegations

2015-05-28 19:32:28| Biotech - Topix.net

Federal regulators announced Thursday that Teva Pharmaceuticals Industries will pay $1.2 billion to settle charges that one of its subsidiaries illegally blocked the launch of low-cost generic versions of the blockbuster sleeping pill Provigil. The settlement is a major victory in the federal government's ongoing campaign against a common drug industry practice known as "pay-for-delay" deals.

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Category:Biotechnology and Pharmaceuticals

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