Loestrin Buyers' $1M Lupin Deal Gets Initial Approval

By Khorri Atkinson (October 24, 2019, 2:02 PM EDT) -- Lupin Pharmaceuticals Inc. and a group of end payors won preliminary approval of a $1 million settlement to end their portion of multidistrict litigation accusing the drugmaker and two other pharmaceutical companies of colluding to keep generic versions of the birth control drug Loestrin off the market.

U.S. District Judge William E. Smith's initial approval of the $1 million settlement on Wednesday came more than three months after a host of end payors, including the city of Providence, Rhode Island, health insurance companies and employee welfare benefit programs, asked that the court greenlight it.

The judge has also certified the end...

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