Sandoz agrees to pay $478.5 million to settle generic-drug price-fixing allegations
Sandoz, Novartis’ generics unit, agreed to pay $478.5 million to settle antitrust allegations from dozens of U.S. states and drug distributors over alleged price-fixing. The deal includes $400 million to be paid over seven years starting in 2027, plus about $50 million for states that previously reached settlements. It also sets aside $28.5 million to resolve remaining class-action litigation brought by indirect resellers, and Sandoz did not admit wrongdoing.