Teva to pay $225 million to settle price-fixing charges

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Teva, the world’s largest generic drugmaker, will pay $22.5 million due each year from 2024 through 2027, and $135 million due in 2028.

The company has also agreed to donate $50 million worth of two generic products to humanitarian organizations and will divest one additional generic product to a third-party buyer.

The price-fixing charges related to conspiring with competitors to raise prices of generic drugs, and were brought against Teva in 2020.