Current:Home > NewsAddiction drug maker will pay more than $102 million fine for stifling competition -ChatGPT
Addiction drug maker will pay more than $102 million fine for stifling competition
View
Date:2025-04-17 08:10:26
The maker of an important addiction treatment medication has agreed to pay $102 million dollars to settle claims it stifled competition. Indivior makes Suboxone, which reduces drug cravings in people with opioid use disorder.
The Virginia-based Indivior introduced Suboxone in 2002 and then, according to state attorneys general, used "monopolistic" strategies to keep generic versions of the opioid-treatment medication off the market.
New York Attorney General Letitia James released a statement saying Indivior "selfishly maneuvered to keep less expensive versions of a life-saving drug out of the hands of millions of Americans" as the opioid crisis grew.
States sued the company in 2016. This settlement with 41 states and the District of Columbia ends that legal fight.
In a statement, Indivior admitted no wrongdoing and said this deal allows the company to focus on patient care.
"We take our role as a responsible steward of medications for addiction and rescue extremely seriously," said Indivior CEO Mark Crossley. "Resolving these legacy matters at the right value allows us to further this mission for patients."
Company officials said they expect to pay the $102.5 million from cash on hand later this month.
veryGood! (613)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Stop, Drop & Shop: Save up to 78% On Kate Spade Bags, Wallets, Shoes & More
- Niners' Fred Warner's leaping tackle shows 'tush push' isn't always successful
- Minnesota judge, in rare move, rejects guilty plea that would have spared man of prison time
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- States sue Meta, claiming Instagram, Facebook fueled youth mental health crisis
- Bobby Charlton, Manchester United legend, dies at 86
- García powers Rangers to first World Series since 2011 with 11-4 rout of Astros in Game 7 of ALCS
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Officers shoot armed suspect in break-in who refused to drop gun, chief says
Ranking
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- A German tourist who went missing in a remote Zimbabwe wildlife park is found alive 3 days later
- A man shot himself as Georgia officers tried to question him about 4 jail escapees. He turned out to be a long-missing murder suspect.
- Lebanon’s prime minister visits troops at the country’s tense southern border with Israel
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Can a rebooted 'Frasier' still scramble our eggs?
- Pennsylvania’s Gas Industry Used 160 Million Pounds of Secret Chemicals From 2012 to 2022, a New Report Says
- Six under-the-radar NBA MVP candidates you need to keep an eye on in the 2023-24 season
Recommendation
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Long COVID brain fog may originate in a surprising place, say scientists
The Plucky Puffin, Endangered Yet Coping: Scientists Link Emergence of a Hybrid Subspecies to Climate Change
Storm Norma weakens after dropping heavy rain on Mexico, as Hurricane Tammy makes landfall in Barbuda
Intel's stock did something it hasn't done since 2022
Pennsylvania’s Gas Industry Used 160 Million Pounds of Secret Chemicals From 2012 to 2022, a New Report Says
Bowl projections: Is College Football Playoff chaos ahead with six major unbeatens left?
Safety agency warns against using Toos electric scooters after 2 die in fire