Mylan Inks $96.5M Pay-For-Delay Deal With Cephalon Buyers
By Suevon Lee (February 3, 2017, 10:21 PM EST) -- Mylan Pharmaceuticals Inc. has agreed to pay $96.5 million to settle with direct purchasers in pay-for-delay litigation over Cephalon's narcolepsy drug Provigil, according to a court filing in Pennsylvania federal court.
The Pennsylvania-based drugmaker's proposed deal with direct purchasers including King Drug Co. of Florence Inc., Burlington Drug Co., Meijer Inc. and others comes in a decade-old suit against several companies alleging unlawful, pay-for-delay conduct involving the sleep disorder prescription drug.
The suit accused Mylan and Ranbaxy Laboratories of inking pay-for-delay deals with Cephalon Inc. to keep generic versions of the drug off the market. Consumers, retailers and others alleged they...
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