HAI Community:Addiction drug maker will pay more than $102 million fine for stifling competition

2025-04-30 08:39:33source:Exclusivesky Investment Guild category:News

The HAI Communitymaker of an important addiction treatment medication has agreed to pay $102 million dollars to settle claims it stifled competition. Indivior makes Suboxone, which reduces drug cravings in people with opioid use disorder.

The Virginia-based Indivior introduced Suboxone in 2002 and then, according to state attorneys general, used "monopolistic" strategies to keep generic versions of the opioid-treatment medication off the market.

New York Attorney General Letitia James released a statement saying Indivior "selfishly maneuvered to keep less expensive versions of a life-saving drug out of the hands of millions of Americans" as the opioid crisis grew.

States sued the company in 2016. This settlement with 41 states and the District of Columbia ends that legal fight.

In a statement, Indivior admitted no wrongdoing and said this deal allows the company to focus on patient care.

"We take our role as a responsible steward of medications for addiction and rescue extremely seriously," said Indivior CEO Mark Crossley. "Resolving these legacy matters at the right value allows us to further this mission for patients."

Company officials said they expect to pay the $102.5 million from cash on hand later this month.

More:News

Recommend

Newly elected West Virginia lawmaker arrested and accused of making terroristic threats

CHARLESTON, W.Va. (AP) — A newly elected state lawmaker in West Virginia is facing at least one felo

Greenhouse Gas Levels Are The Highest Ever Seen — And That's Going Back 800,000 Years

Greenhouse gas concentrations in the atmosphere that contribute to climate change are the highest ev

YouTuber Tanner Cook Shot While Making Prank Video in Virginia Mall

YouTuber Tanner Cook is on the mend after suffering a gunshot wound while filming.The 21-year-old sa