Event Brief
Sandoz to pay $400M settlement over generic drug price-fixing
Filed: Aug 05, 2026 at 5:00 PM ET
Summary: Tennessee AG Jonathan Skrmetti joins 43 states in a $400M settlement in principle with Sandoz over alleged generic drug price-fixing.
WHO: Tennessee Attorney General Jonathan Skrmetti; bipartisan coalition of 43 states and territories; Sandoz Inc.
WHAT: Settlement in principle of $400 million to resolve allegations of generic drug price-fixing and anti-competitive conduct.
WHEN: Aug 05, 2026 at 3:08 PM ET
WHERE: Tennessee
WHY: The settlement resolves long-standing allegations that Sandoz engaged in conspiracies to inflate prices, suppress competition, and restrain trade.
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