AstraZeneca Hit With Pay-For-Delay Suit Over Seroquel XR

Law360 (August 2, 2019, 10:57 PM EDT) -- Drug distributor J.M. Smith Corp. slapped AstraZeneca with an antitrust lawsuit in New York federal court on Friday claiming the pharmaceutical giant paid off a pair of generic-drug makers to stave off rivals to its brand anti-psychotic drug.

According to the distributor's proposed class action, AstraZeneca struck deals with Handa Pharmaceuticals LLC and Accord Pharmaceuticals Inc. that induced the two generic-drug makers to hold off on launching their versions of Seroquel XR — AstraZeneca's prescription drug treatment for schizophrenia, bipolar disorder and depression — for five years.

In exchange, J.M. Smith said AstraZeneca committed to stall the launch of its own...

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