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 >
Market Chatter: United States Steel Clairton Plant Explosion Injures Multiple People
Market Chatter: United States Steel Clairton Plant Explosion Injures Multiple People
Aug 11, 2025
12:15 PM EDT, 08/11/2025 (MT Newswires) -- US Steel's Clairton plant in Pennsylvania was rocked by a reported explosion Monday, leaving multiple people injured, CBS News reported. First responders were called to the scene, and the Allegheny County Health Department was monitoring air quality in the surrounding area, the report said. Officials have not released details on the cause of...
Lithium Companies Shares Seen on the Rise Following Shutdown of China Mine, National Bank Says
Lithium Companies Shares Seen on the Rise Following Shutdown of China Mine, National Bank Says
Aug 11, 2025
12:11 PM EDT, 08/11/2025 (MT Newswires) -- National Bank Financial on Monday said it expects the shares of lithium companies to rise as the price of the metal climbed after Contemporary Amperex Technology (CATL) suspended operations at its Jianxiawo mine in China. On August 10, CATL announced that it has suspended production at its Jianxiawo mine in the Jiangxi province,...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Gold Reserve, Vitol battle for Citgo's parent before sale hearing
Gold Reserve, Vitol battle for Citgo's parent before sale hearing
Aug 11, 2025
* Vitol's subsidiary rushing to secure deal with bondholders * Some creditors unwilling to accept non-cash offers * Final hearing in Delaware set for August 18 By Marianna Parraga HOUSTON, Aug 11 (Reuters) - Subsidiaries of miner Gold Reserve ( GDRZF ) and commodities trader Vitol are nearing the finish line in a fiercely contested court-organized auction that will determine...
Copyright 2023-2026 - www.financetom.com All Rights Reserved