$25.5M Effexor XR Antitrust Litigation Class Action Settlement
Unsplash | Updated: September 6, 2024
Claim Form Deadline: Passed
Payout: Varies
Proof required: Yes
What's the Effexor XR Antitrust Litigation Class Action?
A $25.5 million class action settlement has been settled with major pharmaceutical companies over allegations that they fixed consumer prices for certain anti-depressant drugs. Effexor XR class action lawsuit alleges that Wyeth Pharmaceuticals Company and Teva Pharmaceuticals violated laws when they delayed generic versions of Effexor XR from entering the market, causing consumers to pay higher prices for brand and generic Effexor XR than they should have.The Effexor class action lawsuit claims Wyeth improperly obtained patents, engaged in sham litigation, and entered into anti-competitive agreements with Teva to delay generic competition.
What is the Total Effexor Settlement Fund?
The total settlement amount with Wyeth is $25.5 million, which will be distributed to consumers and third party payers that were affected as a result of the alleged actions of the pharmaceutical companies involved in the Effexor XR generic drug price fixing class action settlement.How Do I Qualify For a Payout?
You might qualify if you purchased, paid for, or reimbursed some or all of the cost of Effexor XR or its generic versions from June 14, 2008 through May 31, 2011 in certain states. The following eligible states are included in the class action settlement:| Qualifying States |
|---|
| Arizona |
| California |
| Florida |
| Kansas |
| Maine |
| Massachusetts |
| Michigan |
| Maine |
| Massachusetts |
| Michigan |
| Minnesota |
| Minnesota |
| Mississippi |
| Montana |
| New Hampshire |
| Nevada |
| New Hampshire |
| New Mexico |
| New York |
| North Carolina |
| Oregon |
| South Dakota |
| Tennessee |
| Rhode Island |
| Wisconsin |
| West Virginia |
How Much Can I Get Paid Out?
The amount of payment will depend on how much Effexor XR or generic versions you purchased and the number of claims filed. The exact amount is not specified.How Do I File a Claim?
You must submit a valid claim form by September 16, 2024. Claim forms can be submitted online or by mail through the settlement website (look for the links to the class action claim form below).Do I Need Proof to File a Claim? Documentation may be required to show you purchased or paid for Effexor XR or generic versions at least once. Section D of the class action claim form asks for this documentation.
By signing the claim form, you are certifying under penalty of perjury that the information provided is true and correct to the best of your knowledge.
While specific proof is required to show at least one purchase, but check the class action settlement website to confirm.
The claims administrator may request additional information or documentation if needed, even after you file a claim form. For third-party payors filing claims of $300,000 or more, transaction data is mandatory.
What is Effexor XR?
Effexor XR is a prescription medication primarily used to treat major depressive disorder, generalized anxiety disorder, social anxiety disorder, and panic disorder in adults. It contains venlafaxine hydrochloride, an extended-release formulation that belongs to the class of serotonin-norepinephrine reuptake inhibitors (also known as "SNRI's"). By increasing levels of serotonin and norepinephrine in the brain, Effexor XR helps alleviate symptoms of these mental health conditions.The medication is manufactured by Viatris, which was formed from the merger of Upjohn (a subsidiary of Pfizer) and Mylan. Effexor XR has been available for over two decades, and generic versions are also offered by various manufacturers. As with all antidepressants, it carries a warning about the potential risk of increased suicidal thoughts and behaviors, particularly in younger individuals.
Teva Pharmaceuticals, a large multinational medical company, produces a generic version of Effexor XR (venlafaxine hydrochloride extended-release). They were among the first companies to receive FDA approval for a generic version of Effexor XR in 2010.
Venlafaxine is the generic version of Effexor XR. Both contain the same active ingredient and are used to treat the same mental health conditions like depression and anxiety, with some other differences.
How Do I Find Class Action Settlements?
Find all the latest Class Action Settlements you can qualify for by getting notified of new lawsuits as soon as they are open to claims:Submit Claim
Filing Class Action Settlement Claims
Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.
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