Pfizer Agrees to Settle Lipitor Antitrust Lawsuit for $93 Million

Pfizer has agreed to pay $93 million to settle antitrust claims by wholesale drug distributors that accused it of conspiring with India’s Ranbaxy Laboratories to delay sales of less expensive, generic versions of the cholesterol drug Lipitor.

Attorneys for Lipitor purchasers including Rochester Drug Co-Operative Inc and Puerto Rico’s Drogueria Betances LLC disclosed the agreement in a filing on Wednesday in U.S. court in Trenton, New Jersey.

The distributors’ case will continue against Ranbaxy, the attorneys filing said

Read the source article at Yahoo Finance