financetom
Business
financetom
/
Business
/
Mylan to pay $73.5 mln to settle drug wholesalers' EpiPen antitrust claims
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mylan to pay $73.5 mln to settle drug wholesalers' EpiPen antitrust claims
Jan 16, 2025 8:56 AM

Jan 16 (Reuters) - Mylan has agreed to pay $73.5 million

to settle a class action lawsuit by drug wholesalers accusing

the drugmaker of scheming to overcharge them for EpiPen allergy

treatment devices.

The preliminary settlement, filed on Wednesday night in

federal court in Kansas, requires approval by U.S. District

Judge Daniel Crabtree.

Drug wholesalers including KPH Healthcare and FWK Holdings

said Mylan conspired with Pfizer ( PFE ) to delay launching a generic

EpiPen, causing commercial and other buyers to pay more for the

life-saving device. Mylan is now part of Viatris ( VTRS ).

Mylan did not admit to any wrongdoing, and neither did

Pfizer ( PFE ), which settled related claims from the drug wholesalers

for $50 million in 2023.

A representative for Mylan and attorneys for the wholesalers

did not immediately respond to requests for comment.

EpiPens are handheld devices that allow users experiencing

life-threatening allergic reactions to automatically inject a

dose of epinephrine.

Mylan, which owns the rights to market and distribute EpiPen

devices, raised the price of a pair of EpiPens to $600 from $100

in 2008, spurring lawsuits from wholesalers and others. Pfizer ( PFE )

manufactured the EpiPen for Mylan.

Crabtree in December denied a pretrial bid by Mylan to

narrow the lawsuit.

Nearly 80 drug wholesalers are part of the settlement class,

court papers show. The class period includes purchases beginning

in 2014.

The plaintiffs attorneys said they plan to seek up to about

33% in fees from the settlement fund, or about $24.5 million.

A group of consumers in 2021 reached a $345 million

settlement with Pfizer ( PFE ) over related claims, Mylan reached a $264

million settlement with consumers and insurers in 2022.

The case is KPH Healthcare Services Inc v. Mylan NV, U.S.

District Court for the District of Kansas, No. 2:20-cv-02065.

For plaintiffs: Michael Roberts of Roberts Law Firm; and

Linda Nussbaum of Nussbaum Law Group

For Mylan: Adam Levin of Hogan Lovells

Read more:

Pfizer ( PFE ) to pay $50 mln to settle drug wholesalers' EpiPen

antitrust claims

US Supreme Court spurns Sanofi appeal to revive EpiPen suit

against Viatris ( VTRS )

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BitMine Immersion Technologies (BMNR) Stock Slides Amid Ethereum Sell-Off
BitMine Immersion Technologies (BMNR) Stock Slides Amid Ethereum Sell-Off
Nov 20, 2025
BitMine Immersion Technologies Inc ( BMNR ) shares are trading lower Thursday afternoon, swept up in a broader cryptocurrency correction that saw Bitcoin (CRYPTO: BTC) slip below the $88,000 level and Ethereum (CRYPTO: ETH) tumble over 6%. BMNR stock is showing notable weakness. See if it is worth your attention here. What To Know: The stock's decline highlights its high...
Why Is PACS Group Stock On The Move Today?
Why Is PACS Group Stock On The Move Today?
Nov 20, 2025
Shares of PACS Group, Inc. ( PACS ) are trading higher Thursday after the healthcare company reported better-than-expected third-quarter results. PACS shares are testing new highs. See the full story here. What To Know: The company brought in approximately $1.35 billion in revenue, beating market expectations of $975.65 million. PACS Group ( PACS ) reported earnings per share of 32 cents,...
Bitcoin bears dominate: odds of year-end price below $90,000 rise
Bitcoin bears dominate: odds of year-end price below $90,000 rise
Nov 20, 2025
NEW YORK (Reuters) -The likelihood of bitcoin ending the year below $90,000 has risen to 50%, according to online options platform Derive.xyz, as traders ramped up hedging against more declines in the world's largest cryptocurrency. On the other hand, the options market has assigned just a 30% chance of bitcoin finishing 2025 above $100,000.  Bitcoin was last down 4.2% at...
ESPN, NBCUniversal, Netflix Secure MLB Broadcast Rights From 2026
ESPN, NBCUniversal, Netflix Secure MLB Broadcast Rights From 2026
Nov 20, 2025
01:22 PM EST, 11/20/2025 (MT Newswires) -- Walt Disney ( DIS ) -owned ESPN ( DIS ), Comcast ( CMCSA ) unit NBCUniversal, and Netflix ( NFLX ) signed new three-year media rights agreements with Major League Baseball starting in 2026. Financial details weren't disclosed in the league announcement Thursday. The deals extend MLB's relationship with ESPN ( DIS )...
Copyright 2023-2026 - www.financetom.com All Rights Reserved