Pfizer agrees to $93m settlement in Lipitor antitrust lawsuit over alleged collusion with Ranbaxy to block generic sales.

Pfizer has agreed to pay $93 million to settle an antitrust lawsuit related to its cholesterol drug Lipitor. The case was filed by wholesale drug distributors and accused Pfizer of colluding with India’s Ranbaxy Laboratories to delay the sale of cheaper, generic versions of Lipitor. The settlement, which is subject to a judge's approval, comes after more than a decade of legal battles. Pfizer has called the allegations “factually and legally without merit.”

February 15, 2024
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