Avanir Pharmaceuticals, Inc., an indirect subsidiary of Otsuka Pharmaceutical Co., Ltd., has reached an agreement in principle to resolve an investigation by the United States Department of Justice related to certain of Avanir’s sales and marketing practices for its product NUEDEXTA® (dextromethorphan HBr and quinidine sulfate) 20mg/10mg capsules prior to 2017.
ALISO VIEJO, Calif., /PRNewswire/ -- AVANIR Pharmaceuticals Inc., an indirect subsidiary of Otsuka Pharmaceutical Co., Ltd., has reached an agreement in principle to resolve an investigation by the United States Department of Justice related to certain of Avanir's sales and marketing practices for its product NUEDEXTA® (dextromethorphan HBr and quinidine sulfate) 20mg/10mg capsules prior to 2017. The announcement was first made today by Otsuka in Japan. The agreement in principle is contingent upon the parties' negotiation and execution of civil, criminal and administrative agreements. Until the agreements with the government are finalized, Avanir will not be able to provide additional details. Avanir will provide more information regarding this matter once those agreements are executed. About Avanir Pharmaceuticals, Inc. In 2015 Avanir became a subsidiary of Otsuka America, Inc. (OAI), a holding company that is wholly owned by Otsuka Pharmaceutical Co., Ltd., a global healthcare company with the corporate philosophy: 'Otsuka-people creating new products for better health worldwide.' Media Inquiries:
SOURCE Avanir Pharmaceuticals, Inc. |
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Company Codes: NASDAQ-NMS:AVNR |