CSL settles action

October 14, 2013

CSL Limited has announced the signing of an agreement to settle long-running US antitrust class action litigation filed by certain US and Puerto Rican hospital groups. The case has been ongoing since 2009, and alleged that CSL had conspired with a competitor to artificially increase the price for plasma therapies in the USA by restricting product output. CSL said it continues to deny any wrongdoing, but has negotiated a settlement of the litigation because “to pursue the case further would have required several more years of management time and focus as well as substantial additional legal costs with no absolute certainty of the outcome”. The company will pay $64m to settle the case, with the agreement resolving and dismissing all claims and potential claims of class members against CSL in the suit.

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Pharmacy Daily | CSL settles action

CSL settles action

Other recent headlines

RACGP slams SA move

PSA’s new vaping criteria

IPA makes room for charity

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES