South San Francisco Merck office in San Francisco. Photo: Jason Doiy/ALM

A federal judge in Virginia approved a $70 million settlement agreement Thursday between several municipal employee benefit funds and two pharmaceutical companies—Merck & Co. and Glenmark Pharmaceuticals – over the cholesterol-lowering medication Zetia, and allegations that drug manufacturers colluded to delay the introduction of a less-expensive generic version.

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Allison Dunn

Allison Dunn is a reporter on ALM's Rapid Response desk based in Ohio, covering impactful litigation filings and rulings, emerging legal trends, controversies in the industry, and everything in between. Contact her at [email protected]. On Twitter: @AllisonDWrites.