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Multistate Settlement with Glenmark for Generic Drug Price-Fixing Conspiracy

GlenmarkJuly 16, 2026Connecticut Attorney General

Penalty Amount

$29,600,000

Summary

Attorney General Jennifer Davenport joined a coalition of 48 states and territories in a $29.6 million settlement with Glenmark, a generic drug manufacturer, for allegedly conspiring to artificially inflate and manipulate prices, reduce competition, and restrain trade for numerous generic prescription drugs. The settlement includes cooperation in ongoing litigations and internal reforms to ensure fair competition.

Remedy

Glenmark will pay $29.6 million, cooperate in ongoing multistate litigations against 33 corporate defendants and 25 individual executives, and implement internal reforms to ensure fair competition and compliance with antitrust laws.

Monetary PenaltyInjunctionCompliance ProgramReporting Requirements

Contract Impact

In-house legal teams should review vendor agreements with pharmaceutical manufacturers and distributors for any clauses related to pricing, market allocation, or information sharing that could facilitate collusion. Customer agreements should be examined for pricing terms and any provisions that might restrict competition. Employee contracts and non-disclosure agreements should be checked for compliance with antitrust laws and cooperation obligations.

Contract Search Terms

price fixingantitrust compliancegeneric drug pricingfair competitioncooperation clauseinternal reformsmarket allocationcollusionrestraint of trade

Laws Cited

Antitrust laws

Violation Types

Entity Details

Entity

Glenmark

Industry

Pharmaceutical

Multistate Coalition

Official Sources

Source Evidence

Entity Name
"Glenmark"
Fine Amount
"$29.6 million settlement"
Laws Cited
"antitrust laws"
Violation Types
"artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade"
Is Multistate
"coalition of 48 states and territories"
Remedy Types
"internal reforms to ensure fair competition and compliance with antitrust laws"

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