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Multistate antitrust settlement with Glenmark Pharmaceuticals over generic drug price-fixing conspiracy

Glenmark PharmaceuticalsJuly 15, 2026Colorado Attorney General

Penalty Amount

$29,600,000

Summary

Attorney General Phil Weiser joined a bipartisan coalition of 48 states and territories in announcing a $29.6 million settlement with Glenmark Pharmaceuticals. The settlement resolves allegations that Glenmark participated in a widespread conspiracy to inflate prices, reduce competition, and restrain trade for numerous generic prescription drugs. Glenmark also agreed to cooperate in ongoing multistate litigation and implement internal reforms.

Remedy

Glenmark must pay $29.6 million, cooperate in ongoing multistate litigation against other defendants, and implement internal reforms to strengthen antitrust compliance and promote fair competition.

Monetary PenaltyCompliance ProgramReporting Requirements

Contract Impact

In-house legal teams should review vendor agreements with generic drug manufacturers for any clauses that could facilitate price-fixing or market allocation, such as information-sharing provisions, pricing coordination terms, or non-compete clauses. Customer contracts with pharmacies and distributors should be examined for any pricing mechanisms that might be influenced by collusion. Additionally, internal compliance programs and employee training materials should be updated to emphasize antitrust law requirements and the prohibition of communications with competitors regarding pricing or market division.

Contract Search Terms

price-fixinggeneric drug pricingantitrust compliancefair competitionmarket allocationbid riggingcollusionrestraint of tradecooperation agreementinternal reforms

Laws Cited

Antitrust laws

Violation Types

Entity Details

Entity

Glenmark Pharmaceuticals

Industry

Healthcare

Multistate Coalition

AlaskaArizonaCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaIdahoIllinoisIndianaIowaKansasKentuckyMaineMarylandMassachusettsMichiganMinnesotaMississippiMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingPuerto Rico

Official Sources

Source Evidence

Entity Name
"Glenmark Pharmaceuticals"
Fine Amount
"$29.6 million settlement"
Laws Cited
"antitrust laws"
Violation Types
"conspiracy to inflate prices, reduce competition, and restrain trade"
Is Multistate
"bipartisan coalition of 48 states and territories"

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MN

Glenmark Pharmaceuticals

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Minnesota Attorney General Keith Ellison joined a 48-state coalition in a $29.6 million settlement with generic-drug manufacturer Glenmark to resolve allegations of a widespread conspiracy to artificially inflate and manipulate prices, reduce competition, and restrain trade for numerous generic prescription drugs. The settlement requires Glenmark to cooperate in ongoing multistate lawsuits and implement internal reforms to ensure compliance with antitrust laws.

OR

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