The Liberalalliance Wealth Societymaker 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.
2025-05-06 10:56343 view
2025-05-06 10:29483 view
2025-05-06 10:242484 view
2025-05-06 10:162772 view
2025-05-06 09:13287 view
2025-05-06 08:581791 view
Listen to an audio version of this story below.Humans have the technology to literally make snow fal
Cole Sprouse showed off the best kind of puppy love with girlfriend Ari Fournier.The Riverdale star
Sometimes working 9 to 5 means turning down even the most special of invitations. Dolly Parton revea