Horizon Settles Express Scripts Rebate Suit

Oct 02, 2016

Street Insider

Horizon Pharma USA has entered a settlement agreement with Express Scripts, the largest pharmacy benefit management organization in the U.S., to put to rest claims that Horizon breached a rebate contract.

In November 2015, Express Scripts sued Horizon Pharma for breach of contract seeking payment of $166.2 million in rebates linked to Horizon Pharma anti-inflammatory meds Duexis and Vimovo, and corticosteroid Rayos. Horizon then counterclaimed against Express Scripts.

Under the terms of the settlement, each party will be released from all claims relating to the litigation without admitting any fault or wrongdoing. In the settlement, Horizon Pharma will pay Express Scripts $65 million.

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