August 15, 2019 / 8:32 PM / a month ago

Teva settles multibillion-dollar drug kickback case ahead of trial

Teva Pharmaceutical Industries Ltd has agreed on the eve of trial to settle a multibillion-dollar whistleblower lawsuit alleging it paid doctors kickbacks to prescribe its Parkinson’s disease drug Azilect and multiple sclerosis treatment Copaxone.

Teva late on Wednesday said it had reached an agreement-in-principle to resolve a lawsuit in Manhattan federal court by two ex-employees alleging the drugmaker paid doctors to act as speakers at events in order to sway them to prescribe its drugs.

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