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Article: Drug Firms Settle Lawsuit on Cardizem Generic for $80 Million.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- February 19, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Julius A. Karash, The Kansas City Star, Mo. Knight Ridder/Tribune Business News
Feb. 19--Aventis Pharmaceuticals and Andrx Corp. have agreed to pay a combined $80 million to settle claims of conspiring to keep a generic form of Cardizem CD off the market.
The money is earmarked for consumers, state agencies and insurance companies that overpaid for the widely used blood pressure medication and its generic equivalents.
The antitrust settlement "continues our mission to protect consumers by fighting prescription drug companies' efforts to manipulate the law to keep cheaper generic drugs off the market," New York Attorney General Eliot ...