spot_img

Pennsyvlania gets $4.6 million in Invidior settlement for antitrust uses

(The Center Square) — Another multi-state settlement with a drug company will send a payout to Pennsylvania, but it won’t be used for opioid-related spending.

According to the state Attorney General’s office, the $102.5 million settlement with Invidior, the manufacturer of the anti-opioid addiction medication Suboxone, will net Pennsylvania $4.63 million to settle claims over monopoly practices.

Pennsylvania was one of 42 states involved in the lawsuit that started in 2016. At the discretion of the attorney general, the money will go toward payment for attorneys’ fees and expenses, antitrust or consumer protection law enforcement, or go into funds for consumer protection and antitrust actions. The settlement also grants discretion to state attorneys general to use the money as they deem fit.

Neighboring states also received payouts: $5.7 million in New York, $1.5 million in West Virginia, $2 million in Maryland, and $5.9 million in Ohio.

Pharmaceutical-related settlements are bringing significant amounts of funding into the commonwealth. Pennsylvania will receive $1.08 billion over the next 18 years through the opioid settlement trust, with almost $150 million in expected payouts next year.

- Advertisement -

Invidior has seen a number of settlements requiring payouts; in August, it reached a $30 million settlement with health plans for illegally suppressing generic competition for Suboxone. Suboxone is used as medication assisted treatment for opioid addiction in state prisons and some county jails; its use is supported by the federal government and has been promoted by state lawmakers as crucial for dealing with the opioid crisis.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Men of Color Expo – Celebrating Men of Excellence

Tinker Federal Credit Union & PPBC Present Men of Color...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Everyday Economics: Stable but weak under the surface

The April jobs report looked fine. Payrolls rose, unemployment...

U.S. farmers struggling with high price of fuel, fertilizer as bankruptcies rise

(The Center Square) – As Congress continues working on...

Nebraska voters to elect party representatives

Voters in Nebraska will head to the polls on...

Election 2026: Poll indicates much work to be done in North Carolina’s 1st

(The Center Square) – Key findings from a Republican...

Nonprofit flies troops home for milestones they can’t afford to miss

For junior enlisted military members earning about $30,000 a...

Data shows more violent retail thefts, lost sales tax revenue.

(The Center Square) – New data shows that violent...

Protesters challenge trans sports policy in California

(The Center Square) – The California Family Council led...

More like this
Related

Everyday Economics: Stable but weak under the surface

The April jobs report looked fine. Payrolls rose, unemployment...

U.S. farmers struggling with high price of fuel, fertilizer as bankruptcies rise

(The Center Square) – As Congress continues working on...

Nebraska voters to elect party representatives

Voters in Nebraska will head to the polls on...