NATIONAL NEWS

Teva to pay $225M to settle cholesterol drug price-fixing charges

Aug 21, 2023, 3:48 PM | Updated: 3:58 pm

WASHINGTON (AP) — The generic drug maker Teva Pharmaceuticals agreed Monday to pay $225 million to settle price-fixing charges related to sales of a major cholesterol-lowering drug. The U.S. Department of Justice said the agreement also requires Teva to divest its business making and selling the drug, pravastatin, a generic version of the brand-name medicine Pravachol.

Another generic drug maker, Glenmark Pharmaceuticals, agreed to pay a $30 million criminal penalty and to divest its pravastatin business as well.

In a statement, the U.S. arm of Israel-based Teva blamed a single former employee for striking agreements with Teva competitors that limited competition between 2013 and 2015. That employee left the company in 2016, Teva said.

DOJ had charged seven generic drug makers, including Teva and Glenmark, with price fixing, bid rigging and market allocation schemes. The seven companies have settled their cases with deferred prosecution agreements. Had any of the cases gone to trial, guilty verdicts could have led to mandatory bans from participation in Medicare, Medicaid and other federal health programs.

The companies collectively agreed to pay $681 million in fines in addition to other penalties.

National News

Associated Press

State election directors fear the Postal Service can’t handle expected crush of mail-in ballots

MINNEAPOLIS (AP) — State election directors from across the country voiced serious concerns to a top U.S. Postal Service official Tuesday that the system won’t be able to handle an expected crush of mail-in ballots in the November election. Steven Carter, manager of election and government programs for the postal service, attempted to reassure the […]

23 minutes ago

South Central District Judge Bruce Romanick listens to arguments by attorneys during a hearing, Tue...

Associated Press

North Dakota judge will decide whether to throw out a challenge to the state’s abortion ban

BISMARCK, N.D. (AP) — Attorneys argued Tuesday over whether a North Dakota judge should toss a lawsuit challenging the state’s abortion ban, with the state saying the plaintiffs’ case rests on hypotheticals, and the plaintiffs saying key issues remain to be resolved at a scheduled trial. State District Judge Bruce Romanick said he will rule […]

34 minutes ago

Associated Press

Editorial Roundup: United States

Excerpts from recent editorials in the United States and abroad: July 22 The Washington Post on what Kamala Harris needs to do to win the election With President Biden’s exit from the race, Democrats are quickly coalescing around Vice President Harris. Too quickly, arguably: Both she and the country would be better served by a […]

45 minutes ago

Associated Press

A sentence change assures the man who killed ex-Saints star Smith gets credit for home incarceration

NEW ORLEANS (AP) — A 25-year prison sentence for Cardell Hayes, the man who killed former New Orleans Saints start Will Smith in 2016, was reduced to 22 years and two months on Tuesday by a Louisiana judge who sought to give Hayes credit for the time he spent confined to his home before his […]

46 minutes ago

FILE - Montana Secretary of State Christi Jacobsen attends the summer conference of the National As...

Associated Press

Montana Supreme Court allows signatures of inactive voters to count on ballot petitions

HELENA, Mont. (AP) — Montana’s Supreme Court on Tuesday said it would allow the signatures of inactive voters to count on petitions seeking to qualify constitutional initiatives for the November ballot, including one to protect abortion rights. District Court Judge Mike Menahan ruled last Tuesday that Secretary of State Christi Jacobsen’s office wrongly changed election […]

59 minutes ago

Associated Press

Alabama universities shutter DEI offices, open new programs, to comply with new state law

MONTGOMERY, Ala. (AP) — The three University of Alabama System campuses on Tuesday shuttered diversity, equity and inclusion offices— and opened new offices — to comply with a new Republican-backed law attempting to ban the programs on public college campuses in the state. The University of Alabama in Tuscaloosa, along with the University of Alabama […]

1 hour ago

Teva to pay $225M to settle cholesterol drug price-fixing charges