Judge OKs $54M Aggrenox Settlement In Pay-For-Delay Suit

Law360 (July 20, 2018, 12:21 PM EDT) -- A Connecticut federal judge has signed off on a $54 million settlement between indirect purchasers of stroke prevention medicine Aggrenox and drugmakers Teva Pharmaceutical and Boehringer Ingelheim to end allegations the companies blocked generic alternatives to the drug from coming to the market.

U.S. District Judge Stefan R. Underhill on Thursday approved the deal, bringing an end to the indirect buyers' claims in sprawling multidistrict litigation accusing Teva Pharmaceutical Industries Ltd. and Boehringer Ingelheim Pharmaceuticals Inc. of orchestrating a $120 million pay-for-delay deal to keep generic versions of Aggrenox off the market.

The settlement doesn't cover a number insurance companies, including Aetna Inc., Cigna Health...

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