76) In the court's view, the agreement "was, at its core, a horizontal agreement to eliminate competition in the market for Cardizem CD
throughout the entire United States," (77) because it "guaranteed to [Hoechst] that its only potential competitor at that time, Andrx, would .
The lawsuits alleged that the defendants, brand manufacturer Hoechst Marion Roussel and generic manufacturer Andrx, illegally restrained trade for Cardizem CD
and its generic bioequivalents, in violation of the antitrust, unfair competition and/or consumer protection laws.
The case, co-led by New York and Michigan, charged that for a year beginning in July 1998, Hoechst, a pharmaceutical company acquired by Aventis in 2000, paid Andrx just under $100 million not to market a generic version of Cardizem CD
is a once-daily medication for the treatment of high blood pressure and chest pain.
During the year, we successfully launched our generic versions of Cardizem CD
and Verelan and we received tentative approval for our generic version of Adalat CC.
Aventis Pharmaceuticals, the maker of Cardizem CD
, and Andrx, a generic drug company, were accused of engaging in a price-fixing scheme that violated state and federal antitrust laws.
July 18 /PRNewswire/ -- Michigan Attorney General Mike Cox announced today the distribution of more than $24 million in antitrust settlement funds to consumers nationwide who purchased Cardizem CD
, a prescription heart medication.
Collegeville, PA) and its successor, Aventis, from producing or selling Cardizem CD
in the United States.
Core Products -- includes Cardizem LA, Zovirax products and Teveten products Wellbutrin XL -- identified as a separate line for ease in tracking Biovail Pharmaceuticals Canada (BPC) -- including Tiazac, Wellbutrin SR and Zyban Legacy Products -- includes Tiazac (brand and generic), Cardizem CD
(brand) Ativan/Isordil, Vasotec/Vaseretic, Rondec and Cedax Generics -- controlled-release generics distributed by Teva Pharmaceuticals
While Biovail has called this lawsuit "frivolous," the Canadian drugmaker has been criticized for not properly estimating inventories of its drugs; low revenue from its generic brand of Prilosec and excess inventory of heart drug Cardizem CD
Andrx also was the first company to receive FDA approval for a bioequivalent version of Cardizem CD
, the subject of the patent infringement litigation initiated by HMRI and now the class action suits.
Andrx's bioequivalent version of Cardizem CD
continues to generate significant net sales and gross profit for the Company.
Biovail was able to secure additional quantities of branded Cardizem CD
during the 2003 third quarter from Aventis Pharmaceuticals Inc.
The Company will also provide an update on the progress made with its controlled-release generic business, the status of Cardizem CD
supply products from its manufacturer and the potential for future pipeline out-licensing opportunities.
Wellbutrin XL Biovail Pharmaceuticals Canada (BPC) Legacy Products - includes Tiazac (brand and generic), Cardizem CD
(brand), Ativan/Isordil, Vasotec/Vaseretic, Rondec and Cedax Generics - controlled-release generics distributed by Teva Pharmaceuticals