financetom
Business
financetom
/
Business
/
Teva Pharmaceutical Sues Corcept Therapeutics Alleging Market Monopolization for Cushing's Syndrome Drug Korlym
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Teva Pharmaceutical Sues Corcept Therapeutics Alleging Market Monopolization for Cushing's Syndrome Drug Korlym
Jun 14, 2024 4:45 AM

07:19 AM EDT, 06/14/2024 (MT Newswires) -- Teva Pharmaceutical Industries ( TEVA ) has sued Corcept Therapeutics ( CORT ) , accusing the company of monopolizing the market for Korlym, a mifepristone-based drug used to treat Cushing's syndrome, according to the complaint filed with a federal court in San Francisco on Thursday.

The lawsuit claims that Corcept, in collaboration with Korlym's exclusive distributor Optime Care, has engaged in practices to prevent competition. Teva accused Corcept of allegedly paying bribes and kickbacks to physicians to ensure continued prescriptions of Korlym.

Teva alleges that Corcept and Optime Care have maintained a long-term exclusive-dealing arrangement that prevents Optime from distributing competing medications.

Teva and Corcept did not immediately respond to requests for comment from MT Newswires.

Price: 17.36, Change: -0.04, Percent Change: -0.23

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 >
Copyright 2023-2026 - www.financetom.com All Rights Reserved