Case Details

Year Initiated/Committed

2001

Year Resolved

2005

Settlement Amount

$1.3 million

Court

Circuit Court of Wyoming County, WV

Docket Number

05-C-180

Lead State

WV

Participating States

WV

Defendant(s)

Abbott Laboratories; Geneva Pharmaceuticals, Inc.

Case Description

The brand name maker of the prescription drug Hytrin, Abbott, entered into an agreement with Geneva to keep Geneva’s generic version of Hytrin off the market. Geneva was paid a substantial amount of money by Abbott while Abbott continued to collect monopoly profits on its name brand drug. Because of federal laws, Geneva effectively blocked the entry of other generic drug makers from entering the market. The matter settled in conjunction with MDL litigation for $1 million plus $300,000 in attorneys’ fees.