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Bausch To Pay $300 Mln In Antitrust Suit Over Diabetes Drug
Bausch To Pay $300 Mln In Antitrust Suit Over Diabetes Drug
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Legal professionals for firms that purchased Glumetza and filed the class action against Bausch disclosed the deal in a courtroom filing Wednesday, asking U.S. District Choose William Alsup in San Francisco to approve it. The case had been scheduled to go to trial subsequent month. Steve Shadowen, a lawyer for the purchasers, mentioned in an electronic mail. Bausch could not instantly be reached for comment. Glumetza, an extended-launch version of the widely used drug metformin, was first marketed in 2005 by Depomed Inc and Santarus Inc, which was later acquired by Bausch. The patrons claimed of their lawsuit that Depomed and Santarus in 2012 paid off competitor online kamagra oral jelly vol-1 Lupin Pharmaceuticals Inc to delay launching a generic version of Glumetza till 2016 by agreeing to drop a patent lawsuit and supply different benefits. 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