Attorney General Jason Miyares today joined a 50-State coalition in announcing two significant cooperation agreements and settlements with Heritage Pharmaceuticals and Apotex totaling $49.1 million to resolve allegations that both companies engaged in widespread, long-running conspiracies to artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade with regard to numerous generic prescription drugs.
As part of their settlement agreements, both companies have agreed to cooperate in the ongoing multistate litigations against 30 corporate defendants and 25 individual executives. Both companies have further agreed to a series of internal reforms to ensure fair competition and compliance with antitrust laws.
“The actions of these two generic drug manufacturers harmed consumers and compromised fair competition. Together, state attorneys general are holding these entities accountable and emphasizing the importance of complying with antitrust laws to promote a competitive marketplace, which benefits all consumers. We will continue to protect competitive markets for Virginians and ensure that all companies operate within the bounds of the law,” said Virginia Attorney General Jason Miyares…