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Health News Roundup: Pfizer agrees to pay $93 million to settle Lipitor antitrust lawsuit; Alvotech settles with J&J to launch Stelara biosimilar in Europe, Canada and more

Health News Roundup: Pfizer agrees to pay $93 million to settle Lipitor antitrust lawsuit; Alvotech settles with J&J to launch Stelara biosimilar in Europe, Canada and more
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Pfizer agrees to pay $93 mln to settle Lipitor antitrust lawsuit

Pfizer agrees to pay $93 mln to settle Lipitor antitrust lawsuit
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Pfizer agrees to pay $93 million to settle Lipitor antitrust lawsuit

Pfizer has agreed to pay $93 million to settle antitrust claims by wholesale drug distributors that accused it of conspiring with India's Ranbaxy Laboratories to delay sales of less expensive, generic versions of the cholesterol drug Lipitor. Attorneys for Lipitor purchasers including Rochester Drug Co-Operative Inc and Puerto Rico's Drogueria Betances LLC disclosed the agreement in a filing on Wednesday in U.S. court in Trenton, New Jersey. The distributors' case will continue against Ranbaxy, the attorneys filing said.

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Pfizer agrees to pay $93 million to settle Lipitor antitrust lawsuit

Pfizer introduced Lipitor in 1997, and the drug drove more than $130 billion in sales during its first 14 years on the market.

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Ex-Pharma CEO Wants Landmark Opioid Conviction Tossed

The first corporate leader to be convicted of drug trafficking charges stemming from the opioid crisis is asking a Manhattan federal court to reject the verdict, arguing Wednesday that prosecutors didn't prove he schemed to boost revenue by selling to pill mills.

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