Bristol Myers settles anti-generic HIV drug scheme allegations for almost $11M
Although Bristol Myers Squibb isn’t admitting to any wrongdoing, the biopharma company agreed to pay almost $11 million to settle allegations filed in a California district court that the company took part in an unlawful scheme with other pharma companies like Gilead and Janssen to protect their HIV drug profits while slowing generic competition.
Specifically, the complaint filed in 2019 alleged that as imminent generic competition to Gilead’s HIV drugs — Viread, Emtriva, Truvada and others — approached, Gilead agreed with each of BMS, Janssen, and Japan Tobacco to create and market FDCs that combined their third agents with Gilead’s NRTIs.
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