Slap on the wrist for Endo over FTC pay-for-delay deals
Endo International (Nasdaq: ENDP) has resolved its antitrust dispute with the US Federal Trade Commission (FTC), via a joint motion filed in a Californian district court.
In a court action last March the FTC alleged that Endo entered into pay-for-delay deals in order to throttle access to generic versions of its pain drugs Lidoderm (lidocaine) and Opana ER (oxymorphone).
The company has now reached an agreement with the FTC which covers any future settlement of patent infringement litigation for a period of 10 years.
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