Purchasers of Allergan Plc's Namenda asked a federal judge on Tuesday to ap...
NEW YORK - Purchasers of Allergan Plc’s Namenda asked a federal judge on Tuesday to approve a $750 million settlement of claims that the drugmaker conspired to keep generic versions of the Alzheimer’s medication off the market.
Lawyers for the plaintiffs said the preliminary settlement, which requires a judge’s approval, would be the largest amount paid by one defendant to resolve a class action brought by “direct purchasers” under the federal Hatch-Waxman antitrust law, which encourages the manufacture of generic drugs.
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