Merck, Upsher-Smith to pay $60M settlement over pay-for-delay lawsuit

Merck & Co. and Upsher-Smith Laboratories will pay $60.2 million to settle a class action lawsuit alleging the companies participated in a pay-for-delay deal to keep a generic version of the potassium supplement K-Dur off the market, reports Reuters.

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The lawsuit, filed in 2001, claimed drugmaker Schering-Plough, which Merck acquired in 2009, agreed to pay Upsher-Smith at least $60 million to refrain from marketing its generic version of K-Dur, according to court documents.

The settlement is still subject to court approval, and both drugmakers deny any wrongdoing, according to the report. Merck and Upsher-Smith did not respond to Reuter’s request for comment.

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