Pfizer to pay over Rs 2574 crore to resolve EpiPen pricing lawsuit
New Delhi: Pfizer Inc has agreed to pay $345 million to resolve claims by consumers who say they overpaid for EpiPens due to anticompetitive practices by the drugmaker and the company that markets the emergency allergy treatment, Mylan.
The proposed class action settlement was disclosed in a filing in federal court in Kansas City, Kansas. The deal, which requires a judge's approval, would not resolve claims against Mylan, which is scheduled to face trial in January.
Paul Geller, a lawyer for the plaintiffs, said they were "pleased that Pfizer resolved its part of this class action lawsuit over the pricing of EpiPens."
Pfizer did not admit wrongdoing. In a statement, the company said that it "denies any wrongdoing and continues to believe that its actions were appropriate."
The EpiPen is a handheld device that treats life-threatening allergic reactions by automatically injecting a dose of epinephrine.
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