Teva to Shell Out $1.2B in FTC Anti-Trust Settlement

May 28, 2015

USA Today

Teva Pharmaceutical has agreed to a $1.2 billion settlement to resolve anti-competition charges over sales of its popular Provogil sleep-disorder drug.

The settlement comes from a 2008 Federal Trade Commission lawsuit in which the FTC accused Cephalon, which was acquired by Teva in 2012 — of illegally protecting its market monopoly on Provigil through a series of agreements with four generic drug manufacturers.

According to the settlement terms, Teva will make the money available to compensate drug wholesalers, pharmacies and insurers who overpaid for Provogil.

Read the USA Today article

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.


No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments