This is an ongoing investigation and pending class action lawsuit against Bayer Corp., Barr Laboratories, Inc., Hoechst Marion Russell, Inc., and The Rugby Group on behalf of direct purchasers of the brand name drug Cipro, a form of ciprofloxacin hydrochloride.
Cipro is a billion-dollar-a-year antibiotic manufactured and sold by defendant Bayer Corporation. In 1997, Bayer and its parent company, defendant Bayer AG (collectively, 'Bayer'), agreed to pay $398 million over seven years to their generic competitors, defendants Barr Laboratories, Inc., Hoechst Marion Russell, Inc., and The Rugby Group, to prevent a less expensive, fully substitutable generic form of Cipro from entering the market, while permitting the generic competitors to share in Bayer's monopoly profits. This wrongfully blocked and delayed the market entry of lower-priced, but therapeutically equivalent, generic versions of Cipro, forcing all purchasers of Cipro to pay illegally inflated prices.
Do not change medications without first consulting your doctor.
Name (Stock Symbol)
Bayer AG manufactures pharmaceuticals and consumer products.
Barr Laboratories, Inc.
Barr Laboratories, Inc. is also known as Barr Pharmaceuticals. It manufactures and markets generic and proprietary pharmaceuticals. In 2008, Teva Pharmaceutical Industries Ltd acquired Barr Laboratories.
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