Feb 18 (Reuters) - Swiss generic drug manufacturer
Sandoz has agreed to pay $275 million to resolve claims by U.S.
consumers and others who accused the company of conspiring with
industry rivals to illegally fix prices.
Attorneys for the plaintiffs, including the City of
Providence, Rhode Island and a New York City police employee
benefits plan, asked U.S. District Judge Cynthia Rufe in
Philadelphia on Friday to approve the settlement.
Sandoz denied any wrongdoing in agreeing to settle. The
company said it will cooperate with the plaintiffs as they
pursue claims against other drugmakers.
The antitrust case includes several drug makers that were
not part of Friday's settlement, including Pfizer ( PFE ), Teva and
Lupin. The companies did not immediately respond to requests for
comment and have denied wrongdoing.
Sandoz and attorneys for the plaintiffs, "end-purchasers"
including consumers who bought Sandoz drugs from pharmacies, did
not immediately respond to requests for comment.
The settlement period covers some purchases between 2009 and
2019 for drugs, including the antidepressants amitriptyline and
clomipramine, and for clobetasol, which is used to treat some
skin conditions.
The settlement class likely includes millions of members
with claims tied to Sandoz's alleged price-fixing, the
plaintiffs' lawyers told the court.
Their court filing said "continued litigation of the claims
against Sandoz would be protracted and without guarantee of any
recovery."
The attorneys said they will seek up to $91.6 million in
legal fees and $26 million in litigation expenses.
Sandoz last year agreed to pay $265 million to resolve
related claims lodged in the litigation by a group of wholesale
drug purchasers and others.
The case is In re Generic Pharmaceuticals Pricing Antitrust
Litigation, U.S. District Court for the Eastern District of
Pennsylvania, No. 2:16-MD-02724.
For end-payor class: Roberta Liebenberg and Jeffrey Istvan
of Fine, Kaplan and Black
For Sandoz: Matthew Kent of Alston & Bird
Read more:
Drugmakers Apotex, Heritage to pay $49 mln to resolve
states' price-fixing claims
Ex-Sandoz exec gets probation for price-fixing after
cooperation deal
US drops price-fixing case against former Taro
Pharmaceutical executive