RE: Reckitt paying11 Jul 2019 08:46
Reckitt Benckiser has announced it will pay $1.4bn to resolve US federal investigations linked to Suboxone Film, the opioid-addiction treatment made by Indivior.
The firm has reached the deal with the Department of Justice and the Federal Trade Commission following legal action claiming that Indivior, which was demerged by Reckitt Benckiser in 2014, "deceived" healthcare providers that Suboxone Film was "safer, less divertible and less abusable than other opioid-addiction treatment drugs".
The company said: "While RB has acted lawfully at all times and expressly denies all allegations that it engaged in any wrongful conduct, after careful consideration, the board of RB determined that the agreement is in the best interests of the company and its shareholders."