Claim Form Deadline: September 16, 2024
Payout: Varies
Proof Required: Yes
What is the Effexor XR Antitrust Litigation Class Action?
A $25.5 million class action settlement has been reached with major pharmaceutical companies over claims they conspired to fix the prices of certain antidepressant drugs. The Effexor XR lawsuit alleges that Wyeth Pharmaceuticals and Teva Pharmaceuticals broke the law by delaying the market entry of generic versions of Effexor XR, resulting in higher prices for both brand-name and generic Effexor XR.
The lawsuit contends that Wyeth improperly secured patents, engaged in deceptive litigation, and made anti-competitive agreements with Teva to prevent generic competition.
What is the Total Effexor Settlement Fund?
The total settlement amount is $25.5 million, which will be distributed to consumers and third-party payers affected by the alleged actions of the pharmaceutical companies involved in the Effexor XR price-fixing case.
How Do I Qualify for a Payout?
You may be eligible if you purchased, paid for, or were reimbursed for Effexor XR or its generic versions from June 14, 2008, to May 31, 2011, in the following states:
How Much Can I Get Paid?
The payment amount will depend on the quantity of Effexor XR or its generics you purchased and the total number of claims filed. The exact payout is not specified.
How Do I File a Claim?
Submit a valid claim form by September 16, 2024. Claim forms can be submitted online or by mail via the settlement website (links to the claim form are provided below).
Do I Need Proof to File a Claim?
Yes, documentation may be required to show at least one purchase or payment for Effexor XR or its generic versions. Section D of the claim form will ask for this documentation. By signing the form, you certify that the information provided is true and accurate to the best of your knowledge.
The claims administrator may request additional information or documentation if needed after you file. For third-party payors claiming $300,000 or more, transaction data is mandatory.
What is Effexor XR?
Effexor XR is a prescription medication used to treat major depressive disorder, generalized anxiety disorder, social anxiety disorder, and panic disorder in adults. It contains venlafaxine hydrochloride, a serotonin-norepinephrine reuptake inhibitor (SNRI). Effexor XR helps alleviate symptoms by increasing serotonin and norepinephrine levels in the brain.
Manufactured by Viatris (formed from the merger of Upjohn, a Pfizer subsidiary, and Mylan), Effexor XR has been on the market for over two decades, with generic versions also available. The medication carries a warning about the potential risk of increased suicidal thoughts and behaviors, especially in younger individuals.
Teva Pharmaceuticals, a large multinational company, produces a generic version of Effexor XR. They were among the first to receive FDA approval for this generic form in 2010.
Claim Form Website: EffexorXRinDirectSettlement.com
Please be aware that your claim form will be rejected if it contains fraudulent information. By submitting your information and your sworn statement of its accuracy, you are agreeing to do so under penalty of perjury. Submitting false information not only jeopardizes your claim but also affects others who are genuinely eligible for the settlement. If you are uncertain about your eligibility for this class action settlement, please visit the class action administrator’s website for more information. Note that NoProofClassActions.org participates in the Amazon affiliate advertising program, and this post may include affiliate links, which could result in us earning a commission if you make a purchase through those links.