Abbott Settlement Pending Over HIV Drug Pricing

This is a settlement for the Abbott Laboratories and Hospira lawsuit.

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Abbott Laboratories has agreed to settle a lawsuit that alleges it improperly raised the price of Norvir, its drug for treating HIV. The settlement is not finalized yet, but the payment is expected to be between $10 million and $27.5 million.

The lawsuit alleged that Abbot raised the price of Norvir by 400 percent. Norvir is a standard treatment in AIDS drug cocktails, and Abbott claims that it enhances the effectiveness of other AIDS drugs in those cocktails.

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