Posts Tagged ‘abbott labs’
Mass Torts Update - Friday, September 19, 2008 8:50 - 0 Comments
Abbott labs settles AIDS drug lawsuit
Drug company Abbott Laboratories has agreed to pay between $10 million and $27.5 million to settle an antitrust lawsuit filed by AIDS patients over the company’s 400% price hike of a popular HIV drug. The actual payout under terms of the settlement depends on the resolution in an appeals court of three legal questions. The settlement must be approved by a federal judge in Oakland, where the lawsuit had been set to go to trial.
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