Sandoz Strikes $195m Deal On US Price-Fixing

Admits Role In Antitrust Conspiracies As Part Of US Investigation

Sandoz has agreed to pay a $195m criminal penalty, the largest for a US antitrust case, as part of a deferred prosecution agreement with the US Department of Justice to resolve antitrust allegations as part of the country’s ongoing investigation into generic price-fixing.

Gavel
Sandoz has agreed to pay a $195m criminal penalty, which the DoJ said was the largest for a US antitrust case • Source: Shutterstock

Sandoz has agreed to pay a $195m criminal penalty, the largest seen for a US antitrust case, as part of a deferred prosecution agreement with the US Department of Justice to resolve antitrust allegations as part of the country’s ongoing investigation into generic price-fixing.

The deal follows the recent admission by former Sandoz executive Hector Armando Kellum of involvement in a generic price-fixing conspiracy....

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