US Court Says Yes To Gilead’s Quarter Billion Dollar Settlement On Truvada, Atripla
Follows Rare ‘Pay-For-Delay’ Jury Trial Held At The End Of June
Despite winning a landmark multi-billion-dollar antitrust suit earlier this year, Gilead Sciences has seen a US court give an initial green light allowing it to shell out nearly $250m to settle antitrust claims from direct purchasers of its two major HIV drugs.
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Following a US federal court jury decision, Teva looks to be off the hook after being accused of accepting an illegal reverse payment that allegedly kept branded prices artificially high for Gilead Sciences’ HIV power brands Truvada and Atripla.
Generics Bulletin previews the most noteworthy and anticipated events for December 2023.
“A lot of companies are hurting because of the higher interest rates,” one major CEO observed recently, summing up a year which saw little headline-grabbing news on the M&A front for generic and biosimilar sponsors.