Bausch To Pay $300 Mln In Antitrust Suit Over Diabetes Drug

Attorneys for corporations that bought Glumetza and filed the class action in opposition to Bausch disclosed the deal in a courtroom filing Wednesday, asking U.S. District Decide William Alsup in San Francisco to approve it. The case had been scheduled to go to trial subsequent month. Steve Shadowen, a lawyer for the purchasers, mentioned in an electronic mail. Bausch could not immediately be reached for comment. Glumetza, an prolonged-launch version of the broadly used drug metformin, was first marketed in 2005 by Depomed Inc and Santarus Inc, which was later acquired by Bausch. The buyers claimed in their lawsuit that Depomed and Santarus in 2012 paid off competitor Lupin Pharmaceuticals Inc to delay launching a red viagra generic version of Glumetza till 2016 by agreeing to drop a patent lawsuit and supply different benefits. The resulting monopoly allowed Bausch, then called Valeant Pharmaceuticals, to hike the drug’s value in 2015 to $fifty one per pill, from $5.72, they stated. Depomed, now often called Assertio Therapeutics Inc, and Lupin had been also sued within the case. Assertio has settled, though terms have not been disclosed, whereas Lupin remains to be expected to go to trial in October. Agreements to delay generic keflex medicine, like the one in 2012 over Glumetza, are known as “pay for delay” deals and have been the topic of quite a few antitrust lawsuits. Plaintiffs’ lawyers stated in Wednesday’s filing they believed their deal, if authorized, would be the most important or second-largest recovery ever obtained in such a case.

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