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Lovenox and Loestrin 24 FE Settlements

$183 Million available via Pharmaceutical Benefit Plan Class Action Settlements

Overview

There are typically several active lawsuits and/or class action settlements that fall into the category of “pharmaceutical benefit plan settlements.” Under these cases, it is generally alleged that businesses with self-insured health plans overpaid for drugs purchased on behalf of their employees due to artificially inflated and/or stabilized prices.

The prices were allegedly manipulated as a result of anti-competitive practices undertaken by the drug manufacturers. The number of these opportunities in any given year varies, but there can be several available at the same time.


Immediately Available Settlements

Eligible Pharma Product                    Date Range                       Settlement Fund               Filing Deadline       

Lovenox/Enoxaparin                            Sept. 2011 - Sept. 2015      $120 million                        Sept. 1, 2020

  • Hospitals have additional purchase eligibility:
    • This settlement includes eligible purchases made by the hospital for members of its benefit plan as well as purchases made by the hospital's internal pharmacy for inpatient use (not for resale).
  • Includes organizations in the following locations:
    • Arizona, Arkansas, California, District of Columbia, Florida, Hawaii, Illinois, Iowa, Kansas, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Mexico, New York, North Carolina, North Dakota, Oregon, South Dakota, Tennessee, Utah, Vermont, West Virginia, and Wisconsin

Eligible Pharma Product                    Date Range                       Settlement Fund               Filing Deadline       

Loestrin 24 FE/Minatrin 24 FE             Sept. 2009 - Sept. 2019      $63.5 million                       Sept. 21, 2020

  • Includes eligible purchases from organizations anywhere in the United States.

Next Steps for MCAG Clients

Data is often required to complete your claim for settlements in this category. MCAG can quickly review the process with you so we can easily obtain necessary information from your Pharmacy Benefit Manager (i.e. CVS Caremark, Express Scripts, OptumRX) to pursue current and future pharmaceutical settlements. Should you wish to proceed, please contact an Account Manager at 800.355.0466 or send an email to settlements@mcaginc.com.