The state of California has filed a civil suit against units of drugmakers Teva and Allergan , for allegedly obstructing generic competition to Lidoderm transdermal patches. The suit, filed in federal court in San Francisco, alleges a “pay-for-delay” deal between the companies and Endo Pharmaceuticals, which already had its Lidoderm product on the market and had made $825 million off of it in 2011.
Category: Endo Pharmaceuticals Holdings
3 Troubled Companies and How to Play Them in the New Year
The share prices of Mylan, Sears and Endo International fell dramatically in 2016, and the companies face significant challenges ahead. On a day of light economic news, the three major indices fell slightly Friday.