Teva and its subsidiary Cephalon’s hopes that a European court would dismiss or reduce more than $60 million in fines have been dashed after the court ruled against it yesterday in a case that accused the companies of conspiring in a pay-for-delay scheme.
Teva And Cephalon's Marketing Ignored Plea Deal, Judge Told
Teva Unit Marketed Opioid For Off-Label Uses, Judge Hears
Teva is doubling down to prevent “parody” marketing videos from entering the courtroom in its New York opioid trial. The 15-year-old Cephalon videos connected to the launch of fentanyl drug Fentora — labeled with Hollywood titles such as “Austin Powers” and “A Few Good Men” — are irrelevant and inflammatory, Teva is arguing.
BRUSSELS (Reuters) - The European Commission has fined pharmaceutical company Teva and its now subsidiary Cephalon 60.5 million euros ($72 million) for agreeing to delay a cheaper generic version of Cephalon’s sleep disorder medicine.
Mired in pay-for-delay lawsuits over its narcolepsy drug Provigil, Teva’s Cephalon is looking to clear the field. A class-action settlement in Pennsylvania could help ease investors’ minds.
Bendeka (bendamustine hydrochloride) : Teva Pharma, Cephalon vs. Eagle Pharma
Bendamustine Hydrochloride Injection : Eagle Pharmaceuticals vs. Slayback Pharma
Israeli drugmaker Teva (TEVA.TA) rebuffed EU antitrust charges of making an illegal deal with rival Cephalon to delay selling a cheaper generic version of the latter’s sleep disorder drug at a hearing on Tuesday.
Allergan. Johnson & Johnson. Cephalon are three of the pharmaceutical companies Philadelphia has filed suit against in an effort to recoup its losses in the opioid epidemic that it’s termed “a public health nightmare.”