Novartis has agreed to a $30 million antitrust class action settlement to end claims it engaged in a price-fixing scheme with company Par for the blood pressure medication commonly known as Exforge.
The lawsuit alleged Novartis, the manufacturer of Exforge, and Par, a generic pharmaceutical company, entered into an agreement where Novartis agreed not to sell an authorized generic version of Exforge until six months after Par began selling its generic version of Exforge.
In exchange, Par agreed to delay the launch of its generic Exforge product for approximately two years. The lawsuit alleges the companies violated certain state antitrust, consumer protection, and unjust enrichment laws, harming competition and causing people to overpay for brand and generic Exforge.
Novartis is a Swiss multinational pharmaceutical corporation based in Switzerland. It is one of the largest pharmaceutical companies in the world and was the fourth largest by revenue in 2022. Par has declared bankruptcy and is not contributing to the settlement fund.
Novartis and Par Exforge Price-Fixing Class Action Lawsuit
- Who’s Eligible:
- The settlement benefits anyone who purchased or paid for brand and generic Exforge from Sept. 21, 2012, through June 30, 2018, in the District of Columbia, Arizona, California, Florida, Hawaii, Iowa, Maine, Michigan, Minnesota, Nebraska, Nevada, New Hampshire, New Mexico, New York, North Carolina, North Dakota, Oregon, South Dakota, Utah, Vermont, West Virginia or Wisconsin.
- Estimated Amount: TBD
- Proof of Purchase:
- Records from your pharmacy or a note from your doctor demonstrating that you bought Exforge or its generic.
- Claim Form Deadline: 08/18/2023
- Case Name & Number:
- In re: Novartis and Par Antitrust Litigation, Case No. 1:18-cv-04361, in the U.S. District Court for the Southern District of New York
- How to file a claim:
- Head over to the Claim Form.
- Read over the claim form to see if you are eligible.
- Complete the claim form with your info.
- Submit your claim form to receive your potential award!
(Click here to file a claim)
Bottom Line
Don’t forget to take a look at our full list of Class Action Lawsuit Settlements! Be sure to give our list of No-Proof Class Action lawsuit to see other settlements you may qualify for.
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