YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Drugmaker paying $100M to settle US probe on pricing

Posted online
Irish drugmaker Mallinckrodt agreed to pay $100 million to settle allegations a subsidiary broke U.S. antitrust laws.

Questcor, which was acquired by Mallinckrodt in 2014, bought the rights to Acthar, a type of hormone-based drug used to treat infantile spasms as well as multiple sclerosis, in 2001.

Over time, according to the Federal Trade Commission, Questcor raised the price from $40 per vial to more than $34,000.

Read more from Reuters.

[[In-content Ad]]

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
From the Ground Up: Republic Intermediate School

The Republic School District is on track to open its Intermediate School for fifth- and sixth-grade students for the 2025-26 academic year.

Most Read
Update cookies preferences