Abbott Agrees To Settle Lawsuit Over Price of Antiretroviral Norvir [USA]

Author: Kaiser Daily HIV/AIDS Report [USA], Published on: 1 August 2008

Abbott Laboratories...agreed to...settle an antitrust lawsuit filed by HIV/AIDS advocates and other drug companies over an increase in the price of the company's antiretroviral drug Norvir…Abbott in December 2003 quadrupled the per-patient wholesale price of Norvir… In a suit filed in October 2007, GlaxoSmithKline and several pharmacy chains -- Safeway, Walgreen, Kroger, Supervalu's New Albertson's and American Sales -- also alleged that Abbott "unlawfully extended its monopoly position as the sole provider of Norvir" by increasing the drug's price…

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Related companies: Abbott Laboratories