Fastexy|Addiction drug maker will pay more than $102 million fine for stifling competition

2025-05-06 19:06:30source:Maxwell Caldwellcategory:My

The Fastexymaker 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.

More:My

Recommend

Woman dies after Singapore family of 3 gets into accident in Taiwan

One woman died after a family of three from Singapore got into a car accident in Miaoli, Taiwan on S

Arike Ogunbowale and Caitlin Clark lead WNBA All-Stars to 117-109 win over U.S. Olympic team

PHOENIX (AP) — Arike Ogunbowale was the dominant scorer on the floor. Caitlin Clark was the best pas

Hollywood reacts to Joe Biden exiting the presidential race

Hollywood was quick to react to the news that President Joe Biden was ending his bid for reelection