3 Drug Firms Pay $447 Million Over ‘Price Fixing’
Three generic drug makers — Taro Pharmaceuticals, Sandoz and Apotex —have agreed to pay $447 million to resolve alleged False Claims Act violations related to price fixing conspiracies involving various generic drugs. The Justice Department alleges that between 2013 and 2015, the companies paid and received compensation prohibited by the Anti-Kickback Statute through arrangements on price, supply and allocation of customers with other pharmaceutical manufacturers for certain generic drugs.
Under the agreement, Taro Pharmaceuticals will pay $213 million. “The Taro drugs allegedly implicated in this scheme address a wide variety of health conditions, and include etodolac, a nonsteroidal anti-inflammatory drug used to treat pain and arthritis, and nystatin-triamcinolone cream and ointment, a combination of an antifungal medicine and steroid used to treat certain kinds of skin infections,” the government says.
Sandoz agreed to pay $185 million over allegations involving hypertension drug benazepril HCTZ, and skin corticosteroid clobetasol. And Apotex is paying $49 million for claims against its pravastatin, a drug used to treat high cholesterol and triglyceride levels.