COLUMBIA, S.C. (FOX Carolina) – South Carolina Attorney General Alan Wilson announced Wednesday that he joined 48 states and territories on two additional settlements with generic prescription drug companies over conspiracies to inflate prices and limit competition.
According to a release, there are two settlements with Lannett Company, Inc. and Bausch Health US, LLC and Bausch Health Americas, Inc. totaling $17.85 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 the settlement agreements, both companies agreed to cooperate in the ongoing multistate litigations led by Connecticut against 30 corporate defendants and 25 individual executives, the release said.
According to the release, both companies also agreed to a series of internal reforms to ensure fair competition and compliance with antitrust laws.