Attorney General Davenport Announces $400 Million Settlement in Principle with Sandoz Over Conspiracy to Inflate Prices and Limit Competition

August 4, 2026 | njoag.gov

Attorney General Jennifer Davenport today (8/4) joined a coalition of 43 states and territories announcing a $400 million settlement in principle with Sandoz Inc. (Sandoz) to resolve allegations that the generic drug manufacturer engaged in widespread, long-running conspiracies to artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade with regard to numerous generic prescription drugs.

Read More: Click Here

NJ SEED: When any company, large or small, foreign or domestic chooses to violate the law by conspiring to inflate prices and limit competition it deserves punishment. NJ’s AG has joined with a majority of the other states in seeking to weed out instances of generic drug pricing conspires. We wish them well.