AG Rayfield secures $9,250,000 settlement against pharmaceutical giants AbbVie and Besins
Published Date: Feb 28, 2025
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- Action Type Settlement
AG Rayfield secured a $9.25 million settlement against pharmaceutical giants AbbVie and Besins involving a monopoly on testosterone replacement gels. The drug companies were gaming the system – preventing competitors from manufacturing generic versions of the gels, by filing lawsuits to extend the amount of time they could charge customers high prices.
“These are the sneaky legal tricks that pharmaceutical companies will use to keep drug prices high for as long as they can. It’s unacceptable and a direct attack on people who are just trying to get by. It’s a violation of trust that should exist between consumers and the companies that provide life-changing medications.” – AG Ellison