AbbVie, Teva Pay-For-Delay Deal Draws More Antitrust Claims
Law360, New York (May 8, 2013, 3:54 PM EDT) -- AbbVie Inc. and Teva Pharmaceutical Industries Ltd. were sued Tuesday in Pennsylvania federal court over a patent settlement that allegedly delayed market entry of a generic form of AbbVie's Niaspan cholesterol drug, the latest of several putative antitrust class actions against the companies.
A New York hotel workers union benefits plan lodged a proposed class action challenging a so-called pay-for-delay deal that resolved a patent dispute between two of the drug companies' predecessors. The suit — filed by named plaintiff New York Hotel Trades Council and Hotel Association of New York City Inc. Health Benefits Fund — alleges that the agreement...
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