FTC Probes Mylan Over Provigil Settlements

Law360, New York (July 31, 2006, 12:00 AM EDT) -- Looking to regulate the possible anti-competitive effects of deals that keep generic drug alternatives off the market, the Federal Trade Commission is investigating Mylan Laboratories Inc.’s patent litigation settlement related to the sleep-disorder drug modafinil.

Mylan revealed the probe in a quarterly report filed last Friday with the U.S. Securities and Exchange Commission, saying it was notified of the investigation in a July 11 letter sent by the FTC requesting “certain information.”

The company also stated that beginning in April 2006, it and four other drug...
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