John Caldwell|Addiction drug maker will pay more than $102 million fine for stifling competition

2025-05-05 21:03:28source:Surfwin Trading Centercategory:My

The John Caldwellmaker of an important addiction treatment medication has agreed to pay $102 million dollars to settle claims it stifled competition. Indivior makes Suboxone, which reduces drug cravings in people with opioid use disorder.

The Virginia-based Indivior introduced Suboxone in 2002 and then, according to state attorneys general, used "monopolistic" strategies to keep generic versions of the opioid-treatment medication off the market.

New York Attorney General Letitia James released a statement saying Indivior "selfishly maneuvered to keep less expensive versions of a life-saving drug out of the hands of millions of Americans" as the opioid crisis grew.

States sued the company in 2016. This settlement with 41 states and the District of Columbia ends that legal fight.

In a statement, Indivior admitted no wrongdoing and said this deal allows the company to focus on patient care.

"We take our role as a responsible steward of medications for addiction and rescue extremely seriously," said Indivior CEO Mark Crossley. "Resolving these legacy matters at the right value allows us to further this mission for patients."

Company officials said they expect to pay the $102.5 million from cash on hand later this month.

More:My

Recommend

Maryland’s Climate Ambitions in Question After Turbulent Legislative Session

Environmental leaders in Maryland are reeling from a challenging 2025 legislative session that left

House Republicans hope their debt limit bill will get Biden to the negotiating table

The U.S. risks defaulting on its national debt as soon as early summer — which would spell disaster

In the San Francisco Bay Area, the Pandemic Connects Rural Farmers and Urban Communities

When Covid-19 arrived in the Bay Area in 2020, bringing with it shelter-in-place orders, soaring une