(Corrects damages award to say $448 million, not $488 million)
A U.S. judge on Friday found that pharmaceutical company AbbVie Inc
The ruling by U.S. District Judge Harvey Bartle in Philadelphia came in an antitrust lawsuit filed in 2014 by the Federal Trade Commission against AbbVie and its partner Besins Healthcare Inc.
The decision followed a non-jury trial that tested the ability of the U.S. regulator to fight efforts by major pharmaceutical companies to prevent the sale of cheaper generic versions of their drugs.
The FTC had accused Chicago-based AbbVie and Besins of filing baseless patent infringement lawsuits against competitors to delay the launch of their generic products.
The FTC, which had sought $1.35 billion, said the order was the largest monetary award ever in an antitrust case that it litigated in court. Bartle said liability would be apportioned between AbbVie and Besins according their agreed royalty rates.
"It sends a clear signal that pharmaceutical companies can’t use baseless litigation to forestall competition from low-cost generics," FTC Chairman Joe Simons said in a statement.
Representatives for AbbVie did not respond to requests for comment. A lawyer for Besins had no immediate comment.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)